(VRIG) Invesco Variable Rate - Ratings and Ratios

The Invesco Variable Rate Investment Grade ETF (NASDAQ: VRIG) is designed to provide exposure to investment-grade, variable or floating rate debt securities. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of variable rate instruments, including floating-rate notes and senior loans, that are investment grade at the time of purchase. This focus on variable rate securities allows the fund to potentially benefit from rising interest rates, as the resets on these instruments can lead to higher yields in a increasing rate environment. The fund may also invest in affiliated ETFs that primarily hold similar securities, further diversifying its portfolio while maintaining adherence to its investment grade and variable rate criteria.

From a technical perspective, VRIG has shown price stability, with a 20-day average volume of 645,288 shares, indicating moderate liquidity. The fund is currently trading at $25.02, slightly above its 20-day SMA of $24.93 and 50-day SMA of $24.94, but below its 200-day SMA of $24.58. The ATR of 0.04 reflects low volatility, suggesting that the funds price movements are relatively stable over short time periods. This stability, combined with its focus on investment-grade securities, makes it a lower-risk option for investors seeking exposure to the fixed income market.