Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Short Interest Down 44.7% in June

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 9,774 shares, a drop of 44.7% from the May 31st total of 17,675 shares. Based on an average daily volume of 355,717 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Invesco RAFI US 1000 ETF Trading Up 0.4%

Shares of NYSEARCA:PRF traded up $0.21 during midday trading on Thursday, reaching $54.26. The company had a trading volume of 254,811 shares, compared to its average volume of 516,179. The company’s 50 day moving average price is $52.98 and its 200 day moving average price is $50.08. The stock has a market cap of $9.72 billion, a P/E ratio of 17.96 and a beta of 0.87. Invesco RAFI US 1000 ETF has a 52-week low of $41.83 and a 52-week high of $54.65.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

Several institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc purchased a new stake in shares of Invesco RAFI US 1000 ETF during the 2nd quarter valued at approximately $31,000. MCF Advisors LLC lifted its holdings in shares of Invesco RAFI US 1000 ETF by 74.6% in the fourth quarter. MCF Advisors LLC now owns 702 shares of the company’s stock worth $33,000 after buying an additional 300 shares in the last quarter. Lodestone Wealth Management LLC bought a new position in shares of Invesco RAFI US 1000 ETF in the fourth quarter valued at approximately $34,000. JPL Wealth Management LLC bought a new position in shares of Invesco RAFI US 1000 ETF in the third quarter valued at approximately $35,000. Finally, Russell Investments Group Ltd. increased its holdings in Invesco RAFI US 1000 ETF by 114.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 835 shares of the company’s stock worth $38,000 after acquiring an additional 445 shares during the period.

About Invesco RAFI US 1000 ETF

The Invesco FTSE RAFI US 1000 ETF (PRF) is an exchange-traded fund that is based on the FTSE RAFI US 1000 index. The fund tracks an index of 1,000 of the largest US companies that are selected and weighted using fundamental metrics. PRF was launched on Dec 19, 2005 and is managed by Invesco.