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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw a significant 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 volume of 51,823 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 51,823 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

A number of institutional investors have recently added to or reduced their stakes in the company. PFG Advisors raised its holdings in Invesco RAFI Strategic US ETF by 14.7% in the 4th quarter. PFG Advisors now owns 108,036 shares of the company’s stock valued at $6,175,000 after acquiring an additional 13,823 shares in the last quarter. Berkeley Inc raised its stake in shares of Invesco RAFI Strategic US ETF by 38.2% in the fourth quarter. Berkeley Inc now owns 160,885 shares of the company’s stock valued at $9,196,000 after purchasing an additional 44,479 shares in the last quarter. CWM LLC lifted its position in Invesco RAFI Strategic US ETF by 6.8% in the fourth quarter. CWM LLC now owns 667,862 shares of the company’s stock worth $38,175,000 after purchasing an additional 42,278 shares during the period. Intelligence Driven Advisers LLC boosted its stake in Invesco RAFI Strategic US ETF by 0.8% during the fourth quarter. Intelligence Driven Advisers LLC now owns 662,742 shares of the company’s stock worth $37,883,000 after buying an additional 4,983 shares in the last quarter. Finally, Eagle Strategies LLC increased its holdings in Invesco RAFI Strategic US ETF by 27.5% in the 4th quarter. Eagle Strategies LLC now owns 29,848 shares of the company’s stock valued at $1,706,000 after buying an additional 6,436 shares during the period.

Invesco RAFI Strategic US ETF Stock Performance

Shares of IUS traded up $0.05 during mid-day trading on Wednesday, hitting $59.42. The company’s stock had a trading volume of 46,783 shares, compared to its average volume of 44,395. Invesco RAFI Strategic US ETF has a one year low of $42.97 and a one year high of $59.58. The stock’s 50-day moving average is $57.65 and its two-hundred day moving average is $55.46. The firm has a market capitalization of $720.76 million, a PE ratio of 18.38 and a beta of 0.93.

Invesco RAFI Strategic US ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders 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 dividend yield of 1.4%.

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.