Short Interest in Invesco RAFI Strategic US ETF (NASDAQ:IUS) Declines By 60.9%

Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 12,886 shares, a decline of 60.9% from the January 29th total of 32,998 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 41,527 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 41,527 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in Invesco RAFI Strategic US ETF by 12.8% during the third quarter. Envestnet Asset Management Inc. now owns 772,489 shares of the company’s stock valued at $42,649,000 after acquiring an additional 87,866 shares during the period. CWM LLC increased its position in shares of Invesco RAFI Strategic US ETF by 6.8% during the fourth quarter. CWM LLC now owns 667,862 shares of the company’s stock valued at $38,175,000 after purchasing an additional 42,278 shares during the period. Intelligence Driven Advisers LLC increased its position in shares of Invesco RAFI Strategic US ETF by 0.8% during the fourth quarter. Intelligence Driven Advisers LLC now owns 662,742 shares of the company’s stock valued at $37,883,000 after purchasing an additional 4,983 shares during the period. Osaic Holdings Inc. raised its stake in shares of Invesco RAFI Strategic US ETF by 2.4% in the fourth quarter. Osaic Holdings Inc. now owns 493,937 shares of the company’s stock valued at $28,235,000 after purchasing an additional 11,666 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in Invesco RAFI Strategic US ETF by 3.1% in the third quarter. Raymond James Financial Inc. now owns 259,150 shares of the company’s stock worth $14,308,000 after purchasing an additional 7,724 shares during the period.

Invesco RAFI Strategic US ETF Stock Performance

Shares of IUS traded up $0.24 during mid-day trading on Friday, hitting $60.58. The company’s stock had a trading volume of 12,777 shares, compared to its average volume of 40,348. Invesco RAFI Strategic US ETF has a one year low of $42.97 and a one year high of $60.94. The firm has a market capitalization of $739.08 million, a PE ratio of 18.38 and a beta of 0.93. The stock’s 50-day moving average is $59.12 and its two-hundred day moving average is $56.70.

Invesco RAFI Strategic US ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.2108 dividend. This represents a $0.84 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, December 22nd.

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.