Invesco Variable Rate Investment Grade ETF (NASDAQ: VRIG – Get Rating ) saw a significant decrease in short interest during the month of March. As of Chait 31st, there was a total of 257,900 short interest shares, a decrease of 73.9 percent compared to the total of 988,000 shares on Chait 15th. Based on an average trading volume of 269,900 shares, the short interest ratio is currently 1.0 days.
Invesco Variable Rate Investment Grade ETF Price Performance
VRIG traded up $0.03 during trading on Friday, hitting $24.85. The stock had a trading volume of 81,023 shares, compared to its average volume of 258,727. Invesco Variable Rate Investment Grade ETF has a twelve month low of $24.41 and a twelve month high of $25.07. The stock has a 50-day simple moving average of $24.85 and a 200-day simple moving average of $24.75.
Invesco Variable Rate Investment Grade ETF increases dividends
The business also recently disclosed a monthly dividend, which was paid on Friday, March 24th. Stockholders of record on Tuesday, March 21st were issued a dividend of $0.112 per share. The ex-dividend date was Monday, March 20th. This represents a $1.34 annual dividend and a dividend yield of 5.41%. This is an increase from the Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.11.
Institutional inflows and outflows
A number of institutional investors have recently modified their holdings of the company. Laidlaw Wealth Management LLC boosted its holdings in shares of Invesco Variable Rate Investment Grade ETF by 1.7% during the fourth quarter. Laidlaw Wealth Management LLC now owns 44,926 shares of the company’s stock valued at $1,110,000 after acquiring an additional 755 shares during the last quarter. Householder Group Estate & Retirement Specialists LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF in the first quarter valued at $25,000. Belpointe Asset Management LLC acquired a new stake in Invesco Variable Rate Investment Grade ETF in the 4th quarter valued at approximately $27,000. Fortis Capital Advisors LLC purchased a new position in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter valued at about $27,000. Finally, UBS Group AG acquired a new position in shares of Invesco Variable Rate Investment Grade ETF in the second quarter valued at approximately $28,000.
Invesco Variable Rate Investment Grade ETF Company Profile
(Get Rating)
Invesco Variable Rate Investment Grade ETF (VRIG) is an exchange traded fund that invests mostly in investment grade fixed income. The Fund is an actively-managed fund that invests primarily in USD-denominated investment-grade floating-rate securities, but may hold up to 20% in non-investment-grade securities.
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