Short Interest in Invesco RAFI Strategic US ETF (NASDAQ:IUS) Declines By 5.7%

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 24,700 shares, a decline of 5.7% from the March 15th total of 26,200 shares. Based on an average daily trading volume, of 95,300 shares, the days-to-cover ratio is currently 0.3 days.

Invesco RAFI Strategic US ETF Stock Down 0.6 %

Shares of Invesco RAFI Strategic US ETF stock opened at $45.40 on Thursday. Invesco RAFI Strategic US ETF has a twelve month low of $37.58 and a twelve month high of $47.66. The stock has a market cap of $451.73 million, a price-to-earnings ratio of 20.01 and a beta of 0.96. The company’s fifty day moving average is $46.09 and its 200 day moving average is $43.22.

Invesco RAFI Strategic US ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a $0.174 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.70 annualized dividend and a dividend yield of 1.53%.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Foguth Wealth Management LLC. bought a new position in shares of Invesco RAFI Strategic US ETF during the 1st quarter worth about $4,124,000. Centaurus Financial Inc. purchased a new position in Invesco RAFI Strategic US ETF in the 4th quarter valued at approximately $103,000. Harbour Investments Inc. boosted its holdings in Invesco RAFI Strategic US ETF by 768.8% in the 4th quarter. Harbour Investments Inc. now owns 2,424 shares of the company’s stock valued at $105,000 after purchasing an additional 2,145 shares during the period. Kestra Advisory Services LLC boosted its holdings in Invesco RAFI Strategic US ETF by 97.9% in the 4th quarter. Kestra Advisory Services LLC now owns 64,713 shares of the company’s stock valued at $2,802,000 after purchasing an additional 32,005 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Invesco RAFI Strategic US ETF by 757.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 46,906 shares of the company’s stock valued at $2,031,000 after purchasing an additional 41,434 shares during the period.

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.