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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 58,100 shares, an increase of 135.2% from the March 31st total of 24,700 shares. Based on an average daily volume of 117,600 shares, the short-interest ratio is presently 0.5 days.

Invesco RAFI Strategic US ETF Stock Performance

Shares of NASDAQ IUS opened at $45.96 on Friday. The firm has a market cap of $507.86 million, a price-to-earnings ratio of 19.54 and a beta of 0.96. The business’s 50-day simple moving average is $46.22 and its 200-day simple moving average is $43.53. Invesco RAFI Strategic US ETF has a 52 week low of $37.58 and a 52 week high of $47.66.

Invesco RAFI Strategic US ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.174 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Monday, March 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IUS. LPL Financial LLC boosted its stake in Invesco RAFI Strategic US ETF by 44.4% during the 3rd quarter. LPL Financial LLC now owns 537,992 shares of the company’s stock valued at $21,428,000 after purchasing an additional 165,342 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Invesco RAFI Strategic US ETF by 120.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 247,532 shares of the company’s stock worth $11,748,000 after acquiring an additional 135,243 shares during the period. Aveo Capital Partners LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 28.7% in the 4th quarter. Aveo Capital Partners LLC now owns 478,497 shares of the company’s stock worth $20,719,000 after acquiring an additional 106,659 shares during the period. Foguth Wealth Management LLC. bought a new stake in shares of Invesco RAFI Strategic US ETF in the 1st quarter worth approximately $4,124,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Invesco RAFI Strategic US ETF during the 3rd quarter worth approximately $1,303,000.

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.