Short Interest in Invesco RAFI Strategic US ETF (NASDAQ:IUS) Declines By 51.1%

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 42,691 shares, a drop of 51.1% from the June 15th total of 87,300 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 34,872 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of Invesco RAFI Strategic US ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Flagship Harbor Advisors LLC acquired a new stake in Invesco RAFI Strategic US ETF in the fourth quarter valued at about $25,000. US Bancorp DE acquired a new position in Invesco RAFI Strategic US ETF during the third quarter worth about $41,000. Hughes Financial Services LLC lifted its holdings in shares of Invesco RAFI Strategic US ETF by 58.1% in the fourth quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock worth $146,000 after acquiring an additional 938 shares during the last quarter. Corient Private Wealth LLC bought a new position in shares of Invesco RAFI Strategic US ETF in the second quarter worth about $208,000. Finally, Betterment LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter valued at approximately $214,000.

Invesco RAFI Strategic US ETF Price Performance

NASDAQ:IUS traded up $0.39 during mid-day trading on Thursday, reaching $67.30. The stock had a trading volume of 111,076 shares, compared to its average volume of 52,717. Invesco RAFI Strategic US ETF has a 12 month low of $50.96 and a 12 month high of $67.47. The stock has a market capitalization of $900.47 million, a PE ratio of 18.38 and a beta of 0.87. The stock has a 50-day simple moving average of $65.41 and a two-hundred day simple moving average of $61.60.

Invesco RAFI Strategic US ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.2054 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.82 annualized dividend and a dividend yield of 1.2%.

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.