Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Down 81.6% in December

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 7,341 shares, a drop of 81.6% from the November 30th total of 39,956 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 39,971 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 39,971 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Prospera Financial Services Inc lifted its position in shares of Invesco RAFI Strategic US ETF by 4.3% during the third quarter. Prospera Financial Services Inc now owns 7,457 shares of the company’s stock worth $412,000 after purchasing an additional 310 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Invesco RAFI Strategic US ETF by 5.8% during the second quarter. Stratos Wealth Partners LTD. now owns 7,428 shares of the company’s stock valued at $383,000 after buying an additional 406 shares during the period. Highline Wealth Partners LLC acquired a new position in shares of Invesco RAFI Strategic US ETF in the second quarter worth $25,000. IFG Advisory LLC grew its position in Invesco RAFI Strategic US ETF by 0.5% in the second quarter. IFG Advisory LLC now owns 120,660 shares of the company’s stock worth $6,214,000 after acquiring an additional 579 shares in the last quarter. Finally, US Bancorp DE bought a new position in shares of Invesco RAFI Strategic US ETF in the 3rd quarter valued at approximately $41,000.

Invesco RAFI Strategic US ETF Stock Performance

Shares of IUS traded down $0.01 during trading hours on Friday, hitting $57.59. The company had a trading volume of 27,905 shares, compared to its average volume of 60,355. The stock has a market capitalization of $702.60 million, a price-to-earnings ratio of 18.38 and a beta of 0.93. Invesco RAFI Strategic US ETF has a 52-week low of $42.97 and a 52-week high of $58.01. The firm has a fifty day moving average price of $56.56 and a 200-day moving average price of $54.30.

Invesco RAFI Strategic US ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.2108 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, December 22nd.

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.