Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Short Interest Up 88.8% in March

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 32,100 shares, a growth of 88.8% from the February 28th total of 17,000 shares. Based on an average daily volume of 185,200 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF in the fourth quarter valued at $42,003,000. Stonebridge Financial Group LLC purchased a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the fourth quarter worth about $26,113,000. Invesco Ltd. boosted its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 118.1% in the fourth quarter. Invesco Ltd. now owns 446,483 shares of the company’s stock worth $18,578,000 after buying an additional 241,812 shares during the last quarter. Independent Advisor Alliance acquired a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF during the fourth quarter worth about $5,492,000. Finally, Focus Partners Wealth raised its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 1,505.5% during the fourth quarter. Focus Partners Wealth now owns 127,394 shares of the company’s stock valued at $5,301,000 after acquiring an additional 119,459 shares in the last quarter.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Performance

NASDAQ PRFZ traded down $0.82 during trading hours on Friday, reaching $37.94. The stock had a trading volume of 217,406 shares, compared to its average volume of 189,149. Invesco FTSE RAFI US 1500 Small-Mid ETF has a 52-week low of $36.12 and a 52-week high of $45.80. The stock has a fifty day moving average of $40.96 and a 200 day moving average of $41.91. The stock has a market cap of $2.34 billion, a P/E ratio of 16.63 and a beta of 1.17.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.0437 dividend. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco FTSE RAFI US 1500 Small-Mid ETF

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.