Short Interest in Invesco RAFI Strategic US ETF (NASDAQ:IUS) Declines By 23.5%

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 10,400 shares, a decrease of 23.5% from the February 28th total of 13,600 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 90,400 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IUS. BridgePort Financial Solutions LLC purchased a new position in shares of Invesco RAFI Strategic US ETF during the fourth quarter valued at approximately $326,000. ARQ Wealth Advisors LLC increased its position in shares of Invesco RAFI Strategic US ETF by 2.6% during the fourth quarter. ARQ Wealth Advisors LLC now owns 206,682 shares of the company’s stock worth $10,266,000 after acquiring an additional 5,228 shares during the last quarter. McIlrath & Eck LLC grew its position in shares of Invesco RAFI Strategic US ETF by 4.8% during the fourth quarter. McIlrath & Eck LLC now owns 125,304 shares of the company’s stock worth $6,224,000 after buying an additional 5,719 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 1.7% during the fourth quarter. CoreCap Advisors LLC now owns 33,157 shares of the company’s stock worth $1,647,000 after purchasing an additional 543 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Invesco RAFI Strategic US ETF by 2.5% in the 4th quarter. Cetera Investment Advisers now owns 61,331 shares of the company’s stock worth $3,046,000 after buying an additional 1,482 shares during the last quarter.

Invesco RAFI Strategic US ETF Stock Up 0.2 %

IUS stock traded up $0.08 during trading on Wednesday, hitting $49.50. The company had a trading volume of 23,479 shares, compared to its average volume of 83,849. The firm has a market cap of $648.45 million, a PE ratio of 19.74 and a beta of 0.96. Invesco RAFI Strategic US ETF has a 1-year low of $45.07 and a 1-year high of $52.38. The firm has a 50-day moving average price of $50.63 and a 200-day moving average price of $50.59.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a dividend of $0.2128 per share. The ex-dividend date was Monday, March 24th. This is a boost from Invesco RAFI Strategic US ETF’s previous dividend of $0.20.

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.