Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Down 10.6% in October

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 79,800 shares, a drop of 10.6% from the October 15th total of 89,300 shares. Based on an average daily trading volume, of 57,100 shares, the days-to-cover ratio is currently 1.4 days.

Invesco RAFI Strategic US ETF Price Performance

Shares of NASDAQ IUS opened at $50.71 on Monday. The stock has a market capitalization of $598.38 million, a PE ratio of 19.85 and a beta of 0.96. Invesco RAFI Strategic US ETF has a one year low of $40.65 and a one year high of $51.91. The business’s fifty day moving average price is $50.12 and its 200-day moving average price is $48.51.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.207 per share. The ex-dividend date of this dividend was Monday, September 23rd. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. This represents a $0.83 annualized dividend and a yield of 1.63%.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Large investors have recently modified their holdings of the business. FMR LLC boosted its holdings in Invesco RAFI Strategic US ETF by 46.0% in the 3rd quarter. FMR LLC now owns 962 shares of the company’s stock worth $48,000 after buying an additional 303 shares during the period. CWM LLC purchased a new position in shares of Invesco RAFI Strategic US ETF in the second quarter valued at $90,000. Sigma Planning Corp bought a new stake in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at $205,000. AllGen Financial Advisors Inc. bought a new stake in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at $235,000. Finally, Davies Financial Advisors Inc. bought a new position in Invesco RAFI Strategic US ETF in the 2nd quarter worth about $239,000.

Invesco RAFI Strategic US ETF Company Profile

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.