Short Interest in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Expands By 239.8%

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 72,278 shares, a growth of 239.8% from the April 30th total of 21,271 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 974,385 shares, the short-interest ratio is currently 0.1 days.

Invesco RAFI US 1000 ETF Price Performance

Shares of Invesco RAFI US 1000 ETF stock traded down $0.05 on Friday, hitting $53.64. The company had a trading volume of 235,763 shares, compared to its average volume of 559,528. The business has a 50-day simple moving average of $50.36 and a 200-day simple moving average of $48.77. The company has a market cap of $9.87 billion, a PE ratio of 17.96 and a beta of 0.88. Invesco RAFI US 1000 ETF has a 52 week low of $40.37 and a 52 week high of $53.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PRF. Revolve Wealth Partners LLC bought a new position in shares of Invesco RAFI US 1000 ETF in the fourth quarter valued at approximately $469,000. AQR Capital Management LLC bought a new position in shares of Invesco RAFI US 1000 ETF in the first quarter valued at approximately $1,316,000. Goldman Sachs Group Inc. bought a new position in shares of Invesco RAFI US 1000 ETF in the first quarter valued at approximately $911,000. Franklin Resources Inc. bought a new position in shares of Invesco RAFI US 1000 ETF in the second quarter valued at approximately $101,000. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Invesco RAFI US 1000 ETF by 237,600.0% in the second quarter. Qube Research & Technologies Ltd now owns 11,885 shares of the company’s stock valued at $502,000 after acquiring an additional 11,880 shares in the last quarter.

About Invesco RAFI US 1000 ETF

The Invesco FTSE RAFI US 1000 ETF (PRF) is an exchange-traded fund that is based on the FTSE RAFI US 1000 index. The fund tracks an index of 1,000 of the largest US companies that are selected and weighted using fundamental metrics. PRF was launched on Dec 19, 2005 and is managed by Invesco.