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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 93,069 shares, a growth of 188.3% from the April 15th total of 32,282 shares. Based on an average daily trading volume, of 92,421 shares, the short-interest ratio is currently 1.0 days. Currently, 0.7% of the shares of the company are short sold.

Invesco RAFI Strategic US ETF Stock Performance

IUS opened at $64.82 on Friday. Invesco RAFI Strategic US ETF has a fifty-two week low of $48.89 and a fifty-two week high of $65.04. The company has a fifty day moving average of $60.31 and a two-hundred day moving average of $58.83. The stock has a market capitalization of $818.68 million, a price-to-earnings ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.2147 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 1.3%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new position in Invesco RAFI Strategic US ETF in the fourth quarter valued at $25,000. US Bancorp DE purchased a new position in Invesco RAFI Strategic US ETF in the third quarter valued at $41,000. Root Financial Partners LLC purchased a new position in Invesco RAFI Strategic US ETF in the third quarter valued at $60,000. Hughes Financial Services LLC increased its holdings 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 valued at $146,000 after buying an additional 938 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new position in Invesco RAFI Strategic US ETF in the second quarter valued at $208,000.

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.