Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Update

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 105,400 shares, an increase of 32.1% from the October 31st total of 79,800 shares. Based on an average daily volume of 55,700 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

A number of hedge funds have recently modified their holdings of IUS. FMR LLC lifted its position in Invesco RAFI Strategic US ETF by 46.0% during the third quarter. FMR LLC now owns 962 shares of the company’s stock valued at $48,000 after purchasing an additional 303 shares in the last quarter. CWM LLC purchased a new position in shares of Invesco RAFI Strategic US ETF during the 2nd quarter valued at about $90,000. Sigma Planning Corp purchased a new position in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at about $205,000. AllGen Financial Advisors Inc. bought a new position in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at approximately $235,000. Finally, Davies Financial Advisors Inc. purchased a new stake in Invesco RAFI Strategic US ETF in the 2nd quarter worth approximately $239,000.

Invesco RAFI Strategic US ETF Stock Up 0.5 %

NASDAQ IUS opened at $52.31 on Monday. The company has a 50-day moving average price of $50.63 and a 200-day moving average price of $48.90. Invesco RAFI Strategic US ETF has a 52 week low of $41.24 and a 52 week high of $52.38. The firm has a market capitalization of $617.26 million, a P/E ratio of 19.85 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.207 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. This represents a $0.83 annualized dividend and a yield of 1.58%.

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.