Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sees Significant Increase in Short Interest

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 7,277 shares, a growth of 190.0% from the February 26th total of 2,509 shares. Based on an average trading volume of 50,962 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Invesco RAFI Strategic US ETF Stock Down 1.0%

Shares of NASDAQ:IUS traded down $0.61 during midday trading on Thursday, hitting $57.60. 34,106 shares of the stock traded hands, compared to its average volume of 44,643. The business’s 50 day moving average is $59.42 and its two-hundred day moving average is $57.39. The stock has a market capitalization of $702.72 million, a PE ratio of 18.38 and a beta of 0.93. Invesco RAFI Strategic US ETF has a one year low of $42.97 and a one year high of $60.94.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be given a dividend of $0.2147 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, March 23rd. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

A number of large investors have recently made changes to their positions in IUS. Flagship Harbor Advisors LLC bought a new position in shares of Invesco RAFI Strategic US ETF during the fourth quarter valued at approximately $25,000. US Bancorp DE bought a new stake in Invesco RAFI Strategic US ETF in the third quarter valued at $41,000. Root Financial Partners LLC purchased a new position in Invesco RAFI Strategic US ETF during the 3rd quarter valued at $60,000. Hughes Financial Services LLC increased its position in Invesco RAFI Strategic US ETF by 58.1% during the 4th quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock valued at $146,000 after purchasing an additional 938 shares during the period. Finally, Corient Private Wealth LLC purchased a new position in Invesco RAFI Strategic US ETF during the 2nd quarter valued at $208,000.

Invesco RAFI Strategic US ETF Company Profile

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.