Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Up 96.8% in July

Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 110,153 shares, a growth of 96.8% from the July 15th total of 55,960 shares. Based on an average daily trading volume, of 65,589 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.8% of the company’s shares are sold short.

Invesco RAFI Strategic US ETF Stock Performance

Shares of IUS remained flat at $70.01 during trading on Friday. 52,603 shares of the company’s stock were exchanged, compared to its average volume of 54,458. The business’s fifty day moving average is $66.88 and its 200-day moving average is $63.10. The firm has a market cap of $954.24 million, a PE ratio of 18.38 and a beta of 0.87. Invesco RAFI Strategic US ETF has a 1-year low of $52.82 and a 1-year high of $70.17.

Invesco RAFI Strategic US ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.2054 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, June 22nd.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new position in Invesco RAFI Strategic US ETF during the 1st quarter worth about $11,162,000. Betterment LLC purchased a new stake in Invesco RAFI Strategic US ETF during the second quarter worth about $214,000. McIlrath & Eck LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 6.5% during the second quarter. McIlrath & Eck LLC now owns 129,200 shares of the company’s stock worth $6,654,000 after purchasing an additional 7,922 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 29.2% during the second quarter. MML Investors Services LLC now owns 122,507 shares of the company’s stock worth $6,309,000 after purchasing an additional 27,667 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 372.8% during the second quarter. Orion Porfolio Solutions LLC now owns 89,882 shares of the company’s stock worth $4,629,000 after purchasing an additional 70,871 shares in the last quarter.

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.