Short-term interest on Invesco Floating Rate Investment Grade ETF (NASDAQ:VRIG) rises 69.7%

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Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG – Get a rating) saw significant growth in short-term interest in August. As of August 15, there were short interests totaling 90,100 shares, a growth of 69.7% from the total of 53,100 shares as of July 31. Based on an average daily trading volume of 145,600 shares, the day-to-cover ratio is currently 0.6 days.

Invesco Floating Rate Investment Grade ETF Institutional Trading

Several large investors have recently changed their holdings in VRIG. UBS Group AG acquired a new equity stake in Invesco Variable Rate Investment Grade ETF in the second quarter worth approximately $28,000. US Bancorp DE acquired a new equity stake in Invesco Variable Rate Investment Grade ETF in the second quarter, valued at approximately $37,000. Charter Oak Capital Management LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the second quarter worth approximately $62,000. CWM LLC acquired a new stake in shares of Invesco Variable Rate Investment Grade ETF in the second quarter worth approximately $69,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in stocks of the 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 valued at $74,000 after buying 1,735 additional shares in the last quarter.

Invesco Investment Grade Floating Rate ETF Share Performance

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Shares of VRIG opened at $24.80 on Friday. The company’s 50-day moving average is $24.70 and its two-hundred-day moving average is $24.83. Invesco Variable Rate Investment Grade ETF has a 12-month low of $24.41 and a 12-month high of $25.13.

Invesco Investment Grade Floating Rate ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 26. Shareholders of record on Tuesday August 23 received a dividend of $0.056. The ex-dividend date was Monday, August 22. This is a positive change from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.04. This represents an annualized dividend of $0.67 and a dividend yield of 2.71%.

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