Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Stock Short Interest Jumps 579.0%

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 62,201 shares, a growth of 579.0% from the September 15th total of 9,161 shares. Based on an average daily trading volume, of 259,068 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Invesco RAFI US 1500 Small-Mid ETF Stock Up 0.6%

PRFZ traded up $0.34 during trading on Friday, reaching $53.16. The company had a trading volume of 46,769 shares, compared to its average volume of 127,130. The stock has a market cap of $2.68 billion, a P/E ratio of 18.02 and a beta of 1.08. The business has a 50 day simple moving average of $54.38 and a 200-day simple moving average of $52.45. Invesco RAFI US 1500 Small-Mid ETF has a 52 week low of $42.73 and a 52 week high of $56.84.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a dividend of $0.1290 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Invesco RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.0992. The ex-dividend date was Monday, September 21st.

Institutional Investors Weigh In On Invesco RAFI US 1500 Small-Mid ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PRFZ. Marquette Asset Management LLC purchased a new position in shares of Invesco RAFI US 1500 Small-Mid ETF during the 3rd quarter worth about $963,000. Wedmont Private Capital grew its holdings in Invesco RAFI US 1500 Small-Mid ETF by 122.2% during the 3rd quarter. Wedmont Private Capital now owns 10,291 shares of the company’s stock valued at $544,000 after purchasing an additional 5,660 shares during the last quarter. Market Street Wealth Management Advisors LLC bought a new position in Invesco RAFI US 1500 Small-Mid ETF during the 3rd quarter valued at about $705,000. Farther Finance Advisors LLC raised its position in Invesco RAFI US 1500 Small-Mid ETF by 87.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 16,566 shares of the company’s stock worth $867,000 after purchasing an additional 7,732 shares during the period. Finally, Avidian Wealth Enterprises LLC purchased a new stake in Invesco RAFI US 1500 Small-Mid ETF in the 3rd quarter worth about $260,000.

About Invesco RAFI US 1500 Small-Mid ETF

The Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) is an exchange-traded fund that is based on the FTSE RAFI US 1500 index. The fund tracks a fundamentally-weighted index of 1,500 small- and mid-cap companies in the US that are selected using fundamental metrics. PRFZ was launched on Sep 20, 2006 and is managed by Invesco.