Short Interest in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Increases By 383.3%

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 30,157 shares, a growth of 383.3% from the May 14th total of 6,240 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 87,369 shares, the short-interest ratio is presently 0.3 days.

Invesco RAFI US 1500 Small-Mid ETF Trading Up 0.9%

PRFZ traded up $0.46 during midday trading on Friday, hitting $52.91. 90,401 shares of the company were exchanged, compared to its average volume of 131,810. The company’s 50 day simple moving average is $50.18 and its 200 day simple moving average is $48.33. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07. Invesco RAFI US 1500 Small-Mid ETF has a 1-year low of $39.11 and a 1-year high of $53.26.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.1017 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Investors Weigh In On Invesco RAFI US 1500 Small-Mid ETF

A number of institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC grew its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,604 shares of the company’s stock valued at $303,000 after acquiring an additional 214 shares during the period. RiverFront Investment Group LLC boosted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 1.8% in the 4th quarter. RiverFront Investment Group LLC now owns 12,599 shares of the company’s stock worth $578,000 after buying an additional 220 shares during the last quarter. Blair William & Co. IL boosted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 3.6% in the 4th quarter. Blair William & Co. IL now owns 7,122 shares of the company’s stock worth $327,000 after buying an additional 250 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 3.9% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 6,715 shares of the company’s stock worth $305,000 after buying an additional 254 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 1.4% in the 2nd quarter. Corient Private Wealth LLC now owns 20,614 shares of the company’s stock worth $838,000 after buying an additional 276 shares during the last quarter.

About Invesco RAFI US 1500 Small-Mid ETF

The Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) is an exchange-traded fund that is based on the FTSE RAFI US 1500 index. The fund tracks a fundamentally-weighted index of 1,500 small- and mid-cap companies in the US that are selected using fundamental metrics. PRFZ was launched on Sep 20, 2006 and is managed by Invesco.