Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Stock Short Interest Jumps 579.0%

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 62,201 shares, a growth of 579.0% from the September 15th total of 9,161 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 259,068 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Invesco RAFI US 1500 Small-Mid ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 14.9% in the 1st quarter. Bank of America Corp DE now owns 2,858,934 shares of the company’s stock worth $131,139,000 after buying an additional 370,099 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 1,031,218 shares of the company’s stock valued at $47,302,000 after acquiring an additional 35,362 shares during the last quarter. Arbor Investment Advisors LLC lifted its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 2.5% during the first quarter. Arbor Investment Advisors LLC now owns 803,591 shares of the company’s stock valued at $36,861,000 after purchasing an additional 19,510 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Invesco RAFI US 1500 Small-Mid ETF by 6.9% during the 1st quarter. Sanctuary Advisors LLC now owns 278,140 shares of the company’s stock worth $12,758,000 after buying an additional 17,959 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its stake in Invesco RAFI US 1500 Small-Mid ETF by 9.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 161,405 shares of the company’s stock worth $9,002,000 after purchasing an additional 13,861 shares during the period.

Invesco RAFI US 1500 Small-Mid ETF Trading Up 0.6%

PRFZ stock opened at $53.16 on Friday. The company has a market capitalization of $2.68 billion, a P/E ratio of 18.02 and a beta of 1.08. The firm has a 50 day simple moving average of $54.38 and a 200-day simple moving average of $52.41. Invesco RAFI US 1500 Small-Mid ETF has a twelve month low of $42.73 and a twelve month high of $56.84.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a dividend of $0.1290 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, September 21st. This is an increase from Invesco RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.0992.

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.