Short Interest in Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Expands By 21.5%

Posted by Scott Davis on Feb 3rd, 2025

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG – Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 278,700 shares, a growth of 21.5% from the December 31st total of 229,300 shares. Based on an average trading volume of 286,300 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Invesco Variable Rate Investment Grade ETF

A number of large investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at $100,000. NBC Securities Inc. raised its stake in Invesco Variable Rate Investment Grade ETF by 34.7% in the 3rd quarter. NBC Securities Inc. now owns 5,181 shares of the company’s stock valued at $129,000 after purchasing an additional 1,335 shares during the last quarter. Concorde Asset Management LLC purchased a new position in Invesco Variable Rate Investment Grade ETF in the 3rd quarter valued at about $202,000. Truist Financial Corp acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth about $208,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF during the 4th quarter worth about $241,000.

Invesco Variable Rate Investment Grade ETF Stock Performance

Shares of VRIG opened at $25.11 on Monday. The company has a 50-day moving average of $25.13 and a two-hundred day moving average of $25.12. Invesco Variable Rate Investment Grade ETF has a 12-month low of $25.03 and a 12-month high of $25.24.

Invesco Variable Rate Investment Grade ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 21st were paid a $0.1141 dividend. The ex-dividend date of this dividend was Tuesday, January 21st.

Invesco Variable Rate Investment Grade ETF Company Profile

(Get Free Report)

The Invesco Variable Rate Investment Grade ETF (VRIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that primarily invests in USD-denominated investment-grade floating-rate securities, but can hold up to 20% in non-investment-grade securities.