Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Stock Short Interest Jumps 225.6%

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 106,041 shares, an increase of 225.6% from the September 15th total of 32,571 shares. Based on an average trading volume of 381,794 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Invesco RAFI US 1000 ETF Stock Performance

NYSEARCA PRF traded up $0.09 during trading hours on Tuesday, hitting $55.84. 257,885 shares of the company’s stock were exchanged, compared to its average volume of 442,911. The firm has a market capitalization of $10.05 billion, a P/E ratio of 17.96 and a beta of 0.88. The business’s 50 day moving average is $55.72 and its 200-day moving average is $53.58. Invesco RAFI US 1000 ETF has a 12-month low of $44.30 and a 12-month high of $56.65.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PRF. Fermata Advisors LLC purchased a new stake in Invesco RAFI US 1000 ETF during the third quarter valued at about $285,000. Montz Harcus Wealth Management LLC grew its holdings in shares of Invesco RAFI US 1000 ETF by 2.7% during the 3rd quarter. Montz Harcus Wealth Management LLC now owns 354,137 shares of the company’s stock worth $19,276,000 after purchasing an additional 9,387 shares during the period. Williams & Novak Wealth Management LLC increased its position in Invesco RAFI US 1000 ETF by 24.0% during the 3rd quarter. Williams & Novak Wealth Management LLC now owns 35,499 shares of the company’s stock worth $1,932,000 after purchasing an additional 6,881 shares in the last quarter. Wedmont Private Capital acquired a new stake in Invesco RAFI US 1000 ETF during the 3rd quarter worth approximately $551,000. Finally, Intelligence Driven Advisers LLC acquired a new stake in Invesco RAFI US 1000 ETF during the 3rd quarter worth approximately $7,160,000.

About Invesco RAFI US 1000 ETF

The Invesco FTSE RAFI US 1000 ETF (PRF) is an exchange-traded fund that is based on the FTSE RAFI US 1000 index. The fund tracks an index of 1,000 of the largest US companies that are selected and weighted using fundamental metrics. PRF was launched on Dec 19, 2005 and is managed by Invesco.