Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) Short Interest Update

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 282,600 shares, agrowthof105.2% from the July 31st total of 137,700 shares. Based on an average trading volume of 403,400 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 403,400 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Invesco Variable Rate Preferred ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Invesco Variable Rate Preferred ETF by 4.9% in the second quarter. Bank of America Corp DE now owns 7,993,469 shares of the company’s stock valued at $195,440,000 after purchasing an additional 372,214 shares during the period. LPL Financial LLC raised its position in Invesco Variable Rate Preferred ETF by 8.3% in the first quarter. LPL Financial LLC now owns 2,271,805 shares of the company’s stock valued at $55,069,000 after purchasing an additional 173,408 shares during the period. Envestnet Asset Management Inc. raised its position in Invesco Variable Rate Preferred ETF by 11.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,462,600 shares of the company’s stock valued at $35,761,000 after purchasing an additional 152,363 shares during the period. Stephens Inc. AR raised its position in Invesco Variable Rate Preferred ETF by 0.5% in the second quarter. Stephens Inc. AR now owns 1,384,622 shares of the company’s stock valued at $33,854,000 after purchasing an additional 6,531 shares during the period. Finally, Advisors Capital Management LLC raised its position in Invesco Variable Rate Preferred ETF by 8.8% in the second quarter. Advisors Capital Management LLC now owns 1,208,994 shares of the company’s stock valued at $29,560,000 after purchasing an additional 97,360 shares during the period.

Invesco Variable Rate Preferred ETF Price Performance

Shares of NYSEARCA VRP opened at $24.62 on Friday. Invesco Variable Rate Preferred ETF has a 52-week low of $23.03 and a 52-week high of $24.67. The business’s 50 day moving average is $24.51 and its two-hundred day moving average is $24.27.

Invesco Variable Rate Preferred ETF Company Profile

The Invesco Variable Rate Preferred ETF (VRP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of variable- and floating-rate preferred stocks. VRP was launched on May 1, 2014 and is managed by Invesco.