Short Interest in Invesco RAFI Strategic US ETF (NASDAQ:IUS) Drops By 22.9%

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 32,998 shares, a decrease of 22.9% from the January 15th total of 42,821 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 34,268 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 34,268 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the shares of the stock are short sold.

Invesco RAFI Strategic US ETF Stock Performance

Invesco RAFI Strategic US ETF stock traded up $0.12 during trading on Friday, reaching $59.97. The company had a trading volume of 34,288 shares, compared to its average volume of 42,563. The firm has a market capitalization of $731.63 million, a PE ratio of 18.38 and a beta of 0.93. The firm’s 50-day simple moving average is $58.52 and its 200 day simple moving average is $56.15. Invesco RAFI Strategic US ETF has a 1-year low of $42.97 and a 1-year high of $60.94.

Invesco RAFI Strategic US ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.2108 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.4%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new stake in Invesco RAFI Strategic US ETF in the 1st quarter worth about $11,162,000. Stratos Wealth Partners LTD. lifted its position in shares of Invesco RAFI Strategic US ETF by 5.8% in the second quarter. Stratos Wealth Partners LTD. now owns 7,428 shares of the company’s stock valued at $383,000 after acquiring an additional 406 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Invesco RAFI Strategic US ETF by 81.2% in the second quarter. Envestnet Asset Management Inc. now owns 684,623 shares of the company’s stock worth $35,258,000 after acquiring an additional 306,778 shares during the last quarter. IFG Advisory LLC increased its position in shares of Invesco RAFI Strategic US ETF by 0.5% during the second quarter. IFG Advisory LLC now owns 120,660 shares of the company’s stock worth $6,214,000 after purchasing an additional 579 shares in the last quarter. Finally, Prosperity Wealth Management Inc. raised its stake in Invesco RAFI Strategic US ETF by 22.5% in the 2nd quarter. Prosperity Wealth Management Inc. now owns 131,010 shares of the company’s stock valued at $6,747,000 after purchasing an additional 24,037 shares during the last quarter.

About Invesco RAFI Strategic US ETF

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.