Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Update

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

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Flagship Harbor Advisors LLC acquired a new stake in Invesco RAFI Strategic US ETF during the fourth quarter worth about $25,000. US Bancorp DE acquired a new stake in Invesco RAFI Strategic US ETF during the third quarter worth about $41,000. Root Financial Partners LLC acquired a new stake in Invesco RAFI Strategic US ETF during the third quarter worth about $60,000. Hughes Financial Services LLC raised its stake in Invesco RAFI Strategic US ETF by 58.1% during the fourth quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock worth $146,000 after acquiring an additional 938 shares during the period. Finally, Corient Private Wealth LLC acquired a new stake in Invesco RAFI Strategic US ETF during the second quarter worth about $208,000.

Invesco RAFI Strategic US ETF Stock Performance

Shares of Invesco RAFI Strategic US ETF stock traded down $0.65 during trading on Friday, reaching $64.17. The company had a trading volume of 16,625 shares, compared to its average volume of 53,665. The company has a market cap of $810.47 million, a price-to-earnings ratio of 18.38 and a beta of 0.87. The firm’s fifty day moving average is $60.39 and its 200-day moving average is $58.86. Invesco RAFI Strategic US ETF has a fifty-two week low of $48.89 and a fifty-two week high of $65.04.

Invesco RAFI Strategic US ETF Increases Dividend

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

Invesco RAFI Strategic US ETF Company Profile

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.