(VRP) Invesco Variable Rate - Ratings and Ratios

The Invesco Variable Rate Preferred ETF (NYSE ARCA: VRP) is designed to track the performance of a market capitalization-weighted index focused on U.S. dollar-denominated preferred stocks with floating or variable rates. The fund invests at least 90% of its total assets in the index components, which include investment-grade and below-investment-grade securities, as well as certain hybrid securities. It may also hold ADRs representing securities in the index. The ETF is non-diversified, meaning it can concentrate its holdings in a smaller number of securities. The index provider compiles and calculates the index, which is designed to reflect the performance of this specific segment of the preferred stock market.

As of the latest data, the ETF has an average volume of 470,289 shares over the past 20 days, with a last price of $23.90. Its short-term moving average (SMA 20) is $23.73, slightly below its current price, while its medium-term (SMA 50) and long-term (SMA 200) moving averages are $23.97 and $23.69, respectively. The Average True Range (ATR) of 0.19 indicates relatively low volatility. The fund has assets under management (AUM) of $1.978 billion, making it a substantial player in the preferred stock ETF category.

3-Month Forecast: Based on the provided data, the ETF is expected to remain range-bound with a potential slight downtrend in the near term. The SMA 20 crossing below the SMA 50 suggests short-term weakness, while the SMA 200 remains supportive. The low ATR of 0.19 indicates that price movements will likely remain muted, with limited upside or downside potential. Investors should monitor the funds performance relative to its moving averages and overall market conditions for preferred stocks.