Short Interest in Invesco RAFI Strategic US ETF (NASDAQ:IUS) Drops By 22.9%

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 32,998 shares, a drop of 22.9% from the January 15th total of 42,821 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 34,268 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 34,268 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are sold short.

Invesco RAFI Strategic US ETF Stock Performance

IUS stock traded up $0.12 during trading on Friday, reaching $59.97. The company had a trading volume of 34,288 shares, compared to its average volume of 42,563. The company has a market cap of $731.63 million, a price-to-earnings ratio of 18.38 and a beta of 0.93. Invesco RAFI Strategic US ETF has a twelve month low of $42.97 and a twelve month high of $60.94. The firm has a 50-day simple moving average of $58.52 and a 200-day simple moving average of $56.15.

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 of this dividend was Monday, December 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.4%.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IUS. Kestra Advisory Services LLC grew its stake in Invesco RAFI Strategic US ETF by 1.9% during the 4th quarter. Kestra Advisory Services LLC now owns 253,856 shares of the company’s stock valued at $14,511,000 after purchasing an additional 4,689 shares during the last quarter. Advyzon Investment Management LLC lifted its holdings in shares of Invesco RAFI Strategic US ETF by 274.0% during the fourth quarter. Advyzon Investment Management LLC now owns 26,855 shares of the company’s stock worth $1,535,000 after purchasing an additional 19,674 shares during the period. Jane Street Group LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the fourth quarter worth about $647,000. IFC & Insurance Marketing Inc. purchased a new stake in Invesco RAFI Strategic US ETF in the fourth quarter valued at approximately $256,000. Finally, Principal Securities Inc. boosted its position in Invesco RAFI Strategic US ETF by 4.9% in the fourth quarter. Principal Securities Inc. now owns 4,503 shares of the company’s stock valued at $257,000 after buying an additional 210 shares during the last quarter.

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.