Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Update

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totaling 3,445 shares, a decrease of 52.7% from the March 15th total of 7,277 shares. Based on an average daily volume of 61,878 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Invesco RAFI Strategic US ETF Trading Up 0.9%

Shares of IUS traded up $0.53 during midday trading on Monday, reaching $60.28. The stock had a trading volume of 50,569 shares, compared to its average volume of 49,367. The company’s 50-day moving average is $59.29 and its 200 day moving average is $57.75. Invesco RAFI Strategic US ETF has a 12-month low of $44.77 and a 12-month high of $60.94. The company has a market capitalization of $729.39 million, a price-to-earnings ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.2147 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco RAFI Strategic US ETF by 12.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 772,489 shares of the company’s stock worth $42,649,000 after purchasing an additional 87,866 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Invesco RAFI Strategic US ETF by 11,234.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 671,230 shares of the company’s stock valued at $38,368,000 after acquiring an additional 665,308 shares during the last quarter. CWM LLC lifted its stake in shares of Invesco RAFI Strategic US ETF by 6.8% in the 4th quarter. CWM LLC now owns 667,862 shares of the company’s stock valued at $38,175,000 after acquiring an additional 42,278 shares during the last quarter. Intelligence Driven Advisers LLC lifted its stake in shares of Invesco RAFI Strategic US ETF by 0.8% in the 4th quarter. Intelligence Driven Advisers LLC now owns 662,742 shares of the company’s stock valued at $37,883,000 after acquiring an additional 4,983 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of Invesco RAFI Strategic US ETF by 2.4% in the 4th quarter. Osaic Holdings Inc. now owns 493,937 shares of the company’s stock valued at $28,235,000 after acquiring an additional 11,666 shares during 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.