Invesco Variable Rate Investment ETF (NASDAQ:VRIG – Get Rating ) saw a significant increase in short interest in the month of August. On August 15th, there was short interest in 90,100 shares, an increase of 69.7% from the July 31st total of 53,100 shares. Based on an average daily trading volume of 145,600 shares, the day-to-cover ratio is currently 0.6 days.
Invesco Institutional Trading Variable Rate ETF Investment Grade
Several large investors have recently modified their holdings of VRIG. UBS Group AG bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the second quarter worth about $28,000. US Bancorp DE bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the second quarter worth about $37,000. Charter Oak Capital Management LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the second quarter valued at about $62,000. CWM LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the second quarter worth about $69,000. Finally, Northwestern Mutual Wealth Management Co . boosted its position in shares of Invesco Variable Rate Investment Grade ETF by 138.8% in the second quarter. Northwestern Mutual Wealth Management Co . now owns 2,985 shares of the company’s stock valued at $74,000 after purchasing an additional 1,735 shares during the last quarter.
Share performance of Invesco Variable Rate Investment ETF
Shares of VRIG opened at $24.80 on Friday. The firm’s 50-day moving average is $24.70, and its two-hundred-day moving average is $24.83. Invesco Variable Rate Investment ETF has a twelve month low of $24.41 and a twelve month high of $25.13.
Invesco’s variable rate investment ETF grows the dividend
The firm also recently declared a monthly dividend, which was paid on Friday, August 26th. Shareholders of record on Tuesday, August 23rd were given a $0.056 dividend. The ex-dividend date of this dividend was Monday, August 22nd. This is a positive change from Invesco Investment Class ETF’s previous monthly dividend of $0.04. This represents an annual dividend of $0.67 and a dividend yield of 2.71%.
This instant news alert was created from scientific narrative technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Invesco’s variable rate investment-grade ETF, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top rated research analysts and the stocks they recommend to their clients every day. MarketBeat has identified five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and the Invesco Variable Rate Investment Grade ETF wasn’t on the list.
While Invesco Variable Rate Invesco Grade ETF currently has a rating of “N/A” among analysts, the highest rating analysts believe these five stocks are best buys.
View Five Shares Here