Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Up 837.1% in April

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 32,282 shares, a growth of 837.1% from the March 31st total of 3,445 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 62,920 shares, the days-to-cover ratio is presently 0.5 days.

Invesco RAFI Strategic US ETF Stock Performance

Invesco RAFI Strategic US ETF stock traded up $0.23 during trading hours on Friday, hitting $61.95. 20,159 shares of the stock were exchanged, compared to its average volume of 53,884. The stock has a market capitalization of $751.45 million, a P/E ratio of 18.38 and a beta of 0.87. Invesco RAFI Strategic US ETF has a 12 month low of $46.99 and a 12 month high of $61.99. The business’s 50-day moving average is $59.48 and its two-hundred day moving average is $58.05.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.2147 per share. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Trading of Invesco RAFI Strategic US ETF

Large investors have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new stake in Invesco RAFI Strategic US ETF during the fourth quarter worth about $25,000. US Bancorp DE bought a new stake in Invesco RAFI Strategic US ETF during the third quarter worth about $41,000. Root Financial Partners LLC bought a new stake in Invesco RAFI Strategic US ETF during the third quarter worth about $60,000. Hughes Financial Services LLC grew 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 buying an additional 938 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new stake in Invesco RAFI Strategic US ETF during the second quarter worth about $208,000.

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.