Short Interest in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Expands By 127.3%

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 13,599 shares, an increase of 127.3% from the June 15th total of 5,983 shares. Based on an average daily volume of 105,930 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

Shares of NASDAQ PRFZ traded down $0.01 during midday trading on Thursday, hitting $54.54. 57,059 shares of the stock traded hands, compared to its average volume of 129,868. The firm has a market capitalization of $2.80 billion, a P/E ratio of 18.02 and a beta of 1.05. Invesco RAFI US 1500 Small-Mid ETF has a one year low of $40.27 and a one year high of $56.24. The firm has a 50-day moving average of $52.61 and a two-hundred day moving average of $49.61.

Invesco RAFI US 1500 Small-Mid ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.0992 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.7%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in PRFZ. Revolve Wealth Partners LLC bought a new stake in Invesco RAFI US 1500 Small-Mid ETF during the fourth quarter valued at approximately $518,000. CW Advisors LLC purchased a new position in Invesco RAFI US 1500 Small-Mid ETF during the second quarter valued at approximately $283,000. Cerity Partners LLC boosted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 0.9% in the second quarter. Cerity Partners LLC now owns 131,896 shares of the company’s stock worth $5,364,000 after purchasing an additional 1,197 shares during the period. Peapack Gladstone Financial Corp increased its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 50.1% in the second quarter. Peapack Gladstone Financial Corp now owns 8,745 shares of the company’s stock worth $356,000 after purchasing an additional 2,920 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 15.8% during the 2nd quarter. Diversify Advisory Services LLC now owns 41,166 shares of the company’s stock valued at $1,763,000 after purchasing an additional 5,613 shares during the period.

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.