Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Up 96.8% in July

Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 110,153 shares, a growth of 96.8% from the July 15th total of 55,960 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 65,589 shares, the short-interest ratio is presently 1.7 days.

Invesco RAFI Strategic US ETF Stock Performance

Shares of IUS remained flat at $70.01 during midday trading on Friday. The company’s stock had a trading volume of 52,603 shares, compared to its average volume of 54,458. Invesco RAFI Strategic US ETF has a twelve month low of $52.82 and a twelve month high of $70.17. The business has a fifty day simple moving average of $66.88 and a 200 day simple moving average of $63.10. The company has a market capitalization of $954.24 million, a PE ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Announces Dividend

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

Institutional Trading of Invesco RAFI Strategic US ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE purchased a new position in Invesco RAFI Strategic US ETF in the third quarter worth approximately $41,000. Hughes Financial Services LLC lifted its stake in shares of Invesco RAFI Strategic US ETF by 58.1% in 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 last quarter. Corient Private Wealth LLC acquired a new position in shares of Invesco RAFI Strategic US ETF in the 2nd quarter valued at $208,000. Betterment LLC purchased a new position in shares of Invesco RAFI Strategic US ETF during the 2nd quarter worth $214,000. Finally, Independent Financial Group LLC purchased a new position in shares of Invesco RAFI Strategic US ETF during the 1st quarter worth $251,000.

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.