Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sees Large Growth in Short Interest

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 42,821 shares, an increase of 858.8% from the December 31st total of 4,466 shares. Based on an average daily trading volume, of 51,823 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 51,823 shares, the short-interest ratio is currently 0.8 days.

Invesco RAFI Strategic US ETF Stock Up 0.1%

IUS stock traded up $0.04 during midday trading on Thursday, hitting $59.46. The company’s stock had a trading volume of 27,614 shares, compared to its average volume of 43,738. The firm has a 50-day simple moving average of $57.73 and a 200-day simple moving average of $55.49. The firm has a market capitalization of $721.25 million, a P/E ratio of 18.38 and a beta of 0.93. Invesco RAFI Strategic US ETF has a 52-week low of $42.97 and a 52-week high of $59.85.

Invesco RAFI Strategic US ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.2108 per share. The ex-dividend date was Monday, December 22nd. This represents a $0.84 annualized dividend and a yield of 1.4%.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC acquired a new stake in Invesco RAFI Strategic US ETF in the fourth quarter valued at approximately $25,000. US Bancorp DE acquired a new position in Invesco RAFI Strategic US ETF during the 3rd quarter worth approximately $41,000. Root Financial Partners LLC purchased a new stake in shares of Invesco RAFI Strategic US ETF in the 3rd quarter valued at approximately $60,000. Corient Private Wealth LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter valued at $208,000. Finally, Betterment LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter valued at $214,000.

About Invesco RAFI Strategic US ETF

The Invesco RAFI Strategic US ETF (IUS) is an exchange-traded fund that is based on the Invesco Strategic US index. The fund tracks an index of stocks from large US firms. The index determines firm size by fundamental metrics and also screens by quality metrics IUS was launched on Sep 12, 2018 and is managed by Invesco.