PowerShares Variable Rate Preferred Portfolio (VRP) Shares Cross Below 200 DMA

In trading on Thursday, shares of the PowerShares Variable Rate Preferred Portfolio ETF ( VRP) crossed below their 200 day moving average of $24.64, changing hands as low as $24.54 per share. PowerShares Variable Rate Preferred Portfolio shares are currently trading off about 1.5% on the day. The chart below shows the one year performance of VRP shares, versus its 200 day moving average:

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PowerShares Variable Rate Preferred Portfolio 200 Day Moving Average Chart

Looking at the chart above, VRP's low point in its 52 week range is $21.75 per share, with $26.05 as the 52 week high point — that compares with a last trade of $24.58.

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