Short Interest in Invesco RAFI Strategic US ETF (NASDAQ:IUS) Decreases By 23.5%

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 10,400 shares, a decrease of 23.5% from the February 28th total of 13,600 shares. Based on an average daily trading volume, of 90,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Invesco RAFI Strategic US ETF Stock Up 0.1 %

Shares of NASDAQ IUS traded up $0.06 during mid-day trading on Tuesday, reaching $49.42. 51,596 shares of the company were exchanged, compared to its average volume of 84,084. Invesco RAFI Strategic US ETF has a 52 week low of $45.07 and a 52 week high of $52.38. The company’s 50 day moving average price is $50.66 and its 200 day moving average price is $50.59. The stock has a market capitalization of $647.40 million, a PE ratio of 19.74 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.2128 per share. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco RAFI Strategic US ETF’s previous dividend of $0.20.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its holdings in shares of Invesco RAFI Strategic US ETF by 46.0% during the 3rd quarter. FMR LLC now owns 962 shares of the company’s stock valued at $48,000 after buying an additional 303 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Invesco RAFI Strategic US ETF by 4.3% during the third quarter. Integrated Wealth Concepts LLC now owns 11,148 shares of the company’s stock worth $561,000 after acquiring an additional 456 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Invesco RAFI Strategic US ETF during the third quarter worth approximately $152,410,000. MML Investors Services LLC lifted its holdings in shares of Invesco RAFI Strategic US ETF by 41.3% in the 3rd quarter. MML Investors Services LLC now owns 110,730 shares of the company’s stock worth $5,570,000 after acquiring an additional 32,342 shares during the last quarter. Finally, McIlrath & Eck LLC boosted its stake in shares of Invesco RAFI Strategic US ETF by 6.5% in the 3rd quarter. McIlrath & Eck LLC now owns 119,585 shares of the company’s stock valued at $6,015,000 after purchasing an additional 7,289 shares in the last quarter.

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.