Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sees Large Growth in Short Interest

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 30,157 shares, an increase of 383.3% from the May 14th total of 6,240 shares. Based on an average daily volume of 87,369 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

Shares of NASDAQ:PRFZ opened at $51.08 on Thursday. Invesco RAFI US 1500 Small-Mid ETF has a 1 year low of $39.11 and a 1 year high of $52.50. The company has a market cap of $2.91 billion, a PE ratio of 18.02 and a beta of 1.07. The stock’s 50-day moving average is $50.04 and its 200 day moving average is $48.27.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.1017 per share. This represents a $0.41 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PRFZ. WCG Wealth Advisors LLC increased its holdings in Invesco RAFI US 1500 Small-Mid ETF by 175.5% during the 4th quarter. WCG Wealth Advisors LLC now owns 627,859 shares of the company’s stock valued at $28,813,000 after purchasing an additional 399,995 shares during the period. Bank of America Corp DE increased its holdings in Invesco RAFI US 1500 Small-Mid ETF by 14.9% during the 1st quarter. Bank of America Corp DE now owns 2,858,934 shares of the company’s stock valued at $131,139,000 after purchasing an additional 370,099 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco RAFI US 1500 Small-Mid ETF by 486.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 191,807 shares of the company’s stock valued at $8,802,000 after purchasing an additional 159,073 shares during the period. LPL Financial LLC increased its holdings in Invesco RAFI US 1500 Small-Mid ETF by 9.4% during the 4th quarter. LPL Financial LLC now owns 1,332,004 shares of the company’s stock valued at $61,126,000 after purchasing an additional 114,759 shares during the period. Finally, Invesco Ltd. increased its holdings in Invesco RAFI US 1500 Small-Mid ETF by 29.1% during the 3rd quarter. Invesco Ltd. now owns 456,331 shares of the company’s stock valued at $20,727,000 after purchasing an additional 102,983 shares during the period.

Invesco RAFI US 1500 Small-Mid ETF Company Profile

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.