Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Up 135.2% in April

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 58,100 shares, an increase of 135.2% from the March 31st total of 24,700 shares. Based on an average trading volume of 117,600 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IUS. Global Retirement Partners LLC lifted its holdings in shares of Invesco RAFI Strategic US ETF by 64.4% in the 3rd quarter. Global Retirement Partners LLC now owns 1,649 shares of the company’s stock valued at $65,000 after purchasing an additional 646 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Invesco RAFI Strategic US ETF by 60.0% during the third quarter. Commonwealth Equity Services LLC now owns 14,034 shares of the company’s stock worth $559,000 after buying an additional 5,265 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Invesco RAFI Strategic US ETF by 1,718.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 120,039 shares of the company’s stock valued at $4,781,000 after buying an additional 113,439 shares in the last quarter. Sigma Planning Corp acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at approximately $569,000. Finally, Merit Financial Group LLC boosted its stake in shares of Invesco RAFI Strategic US ETF by 2.0% during the 3rd quarter. Merit Financial Group LLC now owns 476,811 shares of the company’s stock worth $18,991,000 after acquiring an additional 9,337 shares in the last quarter.

Invesco RAFI Strategic US ETF Price Performance

Shares of NASDAQ IUS traded up $0.25 during midday trading on Friday, hitting $45.96. 86,524 shares of the company’s stock were exchanged, compared to its average volume of 110,082. The firm’s fifty day simple moving average is $46.19 and its 200-day simple moving average is $43.46. The company has a market cap of $507.86 million, a PE ratio of 19.54 and a beta of 0.96. Invesco RAFI Strategic US ETF has a twelve month low of $37.58 and a twelve month high of $47.66.

Invesco RAFI Strategic US ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.174 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.70 dividend on an annualized basis and a yield of 1.51%.

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.