Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Short Interest Down 48.8% in August

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 8,200 shares, a decrease of 48.8% from the August 15th total of 16,024 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 74,310 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PRFZ. Bank of America Corp DE lifted its position in Invesco RAFI US 1500 Small-Mid ETF by 14.9% during the 1st quarter. Bank of America Corp DE now owns 2,858,934 shares of the company’s stock valued at $131,139,000 after purchasing an additional 370,099 shares during the period. Cetera Investment Advisers grew its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 1,031,218 shares of the company’s stock worth $47,302,000 after buying an additional 35,362 shares during the period. Arbor Investment Advisors LLC grew its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 2.5% during the 1st quarter. Arbor Investment Advisors LLC now owns 803,591 shares of the company’s stock worth $36,861,000 after buying an additional 19,510 shares during the period. WCG Wealth Advisors LLC raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 175.5% during the fourth quarter. WCG Wealth Advisors LLC now owns 627,859 shares of the company’s stock worth $28,813,000 after buying an additional 399,995 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 6.9% during the first quarter. Sanctuary Advisors LLC now owns 278,140 shares of the company’s stock worth $12,758,000 after buying an additional 17,959 shares during the last quarter.

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

PRFZ stock traded down $0.31 during midday trading on Tuesday, reaching $53.15. 159,407 shares of the company’s stock traded hands, compared to its average volume of 118,865. The company has a 50-day simple moving average of $54.82 and a two-hundred day simple moving average of $51.65. Invesco RAFI US 1500 Small-Mid ETF has a 1-year low of $42.73 and a 1-year high of $56.84. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 18.02 and a beta of 1.06.

Invesco RAFI US 1500 Small-Mid ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.0992 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%.

Invesco RAFI US 1500 Small-Mid ETF Company Profile

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.