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

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Focus Partners Wealth raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 24.4% in the first quarter. Focus Partners Wealth now owns 158,505 shares of the company’s stock worth $6,001,000 after buying an additional 31,111 shares during the period. Bell Investment Advisors Inc raised its stake in Invesco RAFI US 1500 Small-Mid ETF by 122.8% during the 1st quarter. Bell Investment Advisors Inc now owns 7,640 shares of the company’s stock valued at $289,000 after purchasing an additional 4,211 shares during the period. Ancora Advisors LLC grew its holdings in Invesco RAFI US 1500 Small-Mid ETF by 10.9% during the 1st quarter. Ancora Advisors LLC now owns 5,100 shares of the company’s stock valued at $193,000 after buying an additional 500 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in Invesco RAFI US 1500 Small-Mid ETF by 19.8% during the 1st quarter. EP Wealth Advisors LLC now owns 13,481 shares of the company’s stock valued at $510,000 after buying an additional 2,225 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 5.3% in the 1st quarter. Royal Bank of Canada now owns 727,681 shares of the company’s stock worth $27,550,000 after purchasing an additional 36,502 shares during the period.

Invesco RAFI US 1500 Small-Mid ETF Trading Down 1.9%

PRFZ traded down $0.75 during trading on Friday, reaching $39.41. The stock had a trading volume of 105,510 shares, compared to its average volume of 298,383. Invesco RAFI US 1500 Small-Mid ETF has a one year low of $32.53 and a one year high of $45.80. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 15.99 and a beta of 1.17. The stock’s 50 day moving average is $37.86 and its two-hundred day moving average is $40.14.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.0437 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.