Short Interest in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Drops By 49.1%

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 34,300 shares, a drop of 49.1% from the May 15th total of 67,400 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 383,900 shares, the days-to-cover ratio is presently 0.1 days.

Invesco RAFI US 1500 Small-Mid ETF Stock Up 1.2%

NASDAQ PRFZ traded up $0.47 during trading on Monday, hitting $39.88. The stock had a trading volume of 96,530 shares, compared to its average volume of 296,589. The company has a market capitalization of $2.34 billion, a PE ratio of 15.99 and a beta of 1.17. The firm has a 50 day moving average price of $37.86 and a 200 day moving average price of $40.10. Invesco RAFI US 1500 Small-Mid ETF has a twelve month low of $32.53 and a twelve month high of $45.80.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.0437 dividend. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On Invesco RAFI US 1500 Small-Mid ETF

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 20,959,358 shares of the company’s stock valued at $793,521,000 after buying an additional 1,274,728 shares during the period. Bank of America Corp DE raised its holdings in Invesco RAFI US 1500 Small-Mid ETF by 2.2% in the fourth quarter. Bank of America Corp DE now owns 2,611,574 shares of the company’s stock valued at $108,668,000 after acquiring an additional 57,183 shares in the last quarter. LPL Financial LLC lifted its stake in Invesco RAFI US 1500 Small-Mid ETF by 1.4% in the fourth quarter. LPL Financial LLC now owns 1,239,605 shares of the company’s stock worth $51,580,000 after acquiring an additional 16,910 shares during the last quarter. First Foundation Advisors grew its holdings in Invesco RAFI US 1500 Small-Mid ETF by 4.9% during the 4th quarter. First Foundation Advisors now owns 1,105,902 shares of the company’s stock worth $46,017,000 after acquiring an additional 52,016 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.2% in the 1st quarter. Raymond James Financial Inc. now owns 1,021,350 shares of the company’s stock valued at $38,668,000 after purchasing an additional 11,897 shares during the last quarter.

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.