Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sees Large Decline in Short Interest

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 11,546 shares, a decrease of 80.9% from the March 31st total of 60,349 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 84,200 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Invesco RAFI US 1500 Small-Mid ETF

A number of hedge funds have recently bought and sold shares of PRFZ. Revolve Wealth Partners LLC purchased a new stake in Invesco RAFI US 1500 Small-Mid ETF during the fourth quarter valued at $518,000. CW Advisors LLC purchased a new stake in Invesco RAFI US 1500 Small-Mid ETF during the second quarter valued at $283,000. Cerity Partners LLC increased its position in Invesco RAFI US 1500 Small-Mid ETF by 0.9% during the second quarter. Cerity Partners LLC now owns 131,896 shares of the company’s stock valued at $5,364,000 after acquiring an additional 1,197 shares during the last quarter. Peapack Gladstone Financial Corp increased its position in Invesco RAFI US 1500 Small-Mid ETF by 50.1% during the second quarter. Peapack Gladstone Financial Corp now owns 8,745 shares of the company’s stock valued at $356,000 after acquiring an additional 2,920 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its position in Invesco RAFI US 1500 Small-Mid ETF by 15.8% during the second quarter. Diversify Advisory Services LLC now owns 41,166 shares of the company’s stock valued at $1,763,000 after acquiring an additional 5,613 shares during the last quarter.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

Invesco RAFI US 1500 Small-Mid ETF stock traded up $0.39 during mid-day trading on Friday, reaching $50.44. 32,667 shares of the stock traded hands, compared to its average volume of 99,060. The stock has a market capitalization of $2.87 billion, a PE ratio of 18.02 and a beta of 1.07. Invesco RAFI US 1500 Small-Mid ETF has a 12-month low of $36.07 and a 12-month high of $51.15. The business’s 50-day moving average is $47.62 and its 200-day moving average is $46.95.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.1017 per share. This represents a $0.41 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, March 23rd.

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.