Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Stock Short Interest Falls 66.5%

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 19,363 shares, a decrease of 66.5% from the October 15th total of 57,869 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 86,899 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 14.9% in the first quarter. Bank of America Corp DE now owns 2,858,934 shares of the company’s stock worth $131,139,000 after acquiring an additional 370,099 shares in the last quarter. Cetera Investment Advisers boosted its position in Invesco RAFI US 1500 Small-Mid ETF by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 1,031,218 shares of the company’s stock worth $47,302,000 after purchasing an additional 35,362 shares during the period. Three Bridge Wealth Advisors LLC boosted its position in Invesco RAFI US 1500 Small-Mid ETF by 0.7% during the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 263,550 shares of the company’s stock worth $13,792,000 after purchasing an additional 1,918 shares during the period. Sanctuary Advisors LLC boosted its position in Invesco RAFI US 1500 Small-Mid ETF by 6.9% during the 1st quarter. Sanctuary Advisors LLC now owns 278,140 shares of the company’s stock worth $12,758,000 after purchasing an additional 17,959 shares during the period. Finally, AlphaCore Capital LLC purchased a new stake in Invesco RAFI US 1500 Small-Mid ETF during the 3rd quarter worth $12,104,000.

Invesco RAFI US 1500 Small-Mid ETF Stock Down 0.5%

Shares of NASDAQ PRFZ traded down $0.29 during midday trading on Friday, hitting $52.54. The stock had a trading volume of 13,025 shares, compared to its average volume of 125,317. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 19.36 and a beta of 1.09. Invesco RAFI US 1500 Small-Mid ETF has a 1-year low of $42.73 and a 1-year high of $56.84. The company has a fifty day moving average price of $53.08 and a 200 day moving average price of $51.59.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a $0.1290 dividend. The ex-dividend date was Monday, September 21st. This is a positive change from Invesco RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.0992. This represents a $0.52 annualized dividend and a yield of 1.0%.

About Invesco 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.