Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Short Interest Down 68.3% in November

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 120,600 shares, a drop of 68.3% from the November 15th total of 380,800 shares. Based on an average daily trading volume, of 250,700 shares, the short-interest ratio is currently 0.5 days.

Invesco Variable Rate Investment Grade ETF Stock Performance

NASDAQ:VRIG traded up $0.01 during mid-day trading on Wednesday, hitting $25.17. 55,859 shares of the stock were exchanged, compared to its average volume of 291,310. The firm’s 50-day simple moving average is $25.12 and its 200 day simple moving average is $25.13. Invesco Variable Rate Investment Grade ETF has a fifty-two week low of $24.87 and a fifty-two week high of $25.24.

Invesco Variable Rate Investment Grade ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 18th were issued a dividend of $0.1204 per share. The ex-dividend date was Monday, November 18th.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Several hedge funds have recently added to or reduced their stakes in the company. Calton & Associates Inc. increased its stake in Invesco Variable Rate Investment Grade ETF by 47.7% during the 2nd quarter. Calton & Associates Inc. now owns 11,914 shares of the company’s stock worth $300,000 after acquiring an additional 3,850 shares during the period. Atria Wealth Solutions Inc. increased its stake in Invesco Variable Rate Investment Grade ETF by 1.2% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 279,731 shares of the company’s stock worth $7,032,000 after acquiring an additional 3,197 shares during the period. Concourse Financial Group Securities Inc. increased its stake in Invesco Variable Rate Investment Grade ETF by 53.3% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 146,904 shares of the company’s stock worth $3,693,000 after acquiring an additional 51,046 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Invesco Variable Rate Investment Grade ETF by 322.2% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 57,282 shares of the company’s stock worth $1,440,000 after acquiring an additional 43,715 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Invesco Variable Rate Investment Grade ETF by 35.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 269,982 shares of the company’s stock worth $6,787,000 after acquiring an additional 69,961 shares during the period.

About Invesco Variable Rate Investment Grade ETF

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.