Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sees Significant Increase in Short Interest

Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 7,277 shares, an increase of 190.0% from the February 26th total of 2,509 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 50,962 shares, the short-interest ratio is currently 0.1 days.

Invesco RAFI Strategic US ETF Stock Down 0.8%

Shares of Invesco RAFI Strategic US ETF stock traded down $0.44 during trading hours on Friday, hitting $57.16. 91,390 shares of the company’s stock traded hands, compared to its average volume of 44,345. Invesco RAFI Strategic US ETF has a twelve month low of $42.97 and a twelve month high of $60.94. The company has a market cap of $697.35 million, a PE ratio of 18.38 and a beta of 0.93. The stock has a 50 day simple moving average of $59.42 and a 200-day simple moving average of $57.39.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.2147 per share. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, March 23rd. This represents a $0.86 dividend on an annualized basis and a yield of 1.5%.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

A number of institutional investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC acquired a new position in Invesco RAFI Strategic US ETF during the 4th quarter worth $25,000. US Bancorp DE bought a new position in shares of Invesco RAFI Strategic US ETF during the third quarter worth about $41,000. Root Financial Partners LLC bought a new position in shares of Invesco RAFI Strategic US ETF during the third quarter worth about $60,000. Hughes Financial Services LLC grew its stake in Invesco RAFI Strategic US ETF by 58.1% in the fourth quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock worth $146,000 after purchasing an additional 938 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in Invesco RAFI Strategic US ETF in the second quarter worth about $208,000.

Invesco RAFI Strategic US ETF Company Profile

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.