Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sees Large Increase in Short Interest

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 110,153 shares, an increase of 96.8% from the July 15th total of 55,960 shares. Based on an average daily volume of 65,589 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Trading of Invesco RAFI Strategic US ETF

Hedge funds have recently made changes to their positions in the business. US Bancorp DE purchased a new position in Invesco RAFI Strategic US ETF in the third quarter worth about $41,000. Hughes Financial Services LLC lifted its stake in shares of Invesco RAFI Strategic US ETF by 58.1% in the 4th quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock valued at $146,000 after purchasing an additional 938 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter valued at approximately $208,000. Betterment LLC purchased a new position in shares of Invesco RAFI Strategic US ETF in the 2nd quarter worth approximately $214,000. Finally, Independent Financial Group LLC purchased a new position in shares of Invesco RAFI Strategic US ETF in the 1st quarter worth approximately $251,000.

Invesco RAFI Strategic US ETF Trading Down 0.9%

IUS traded down $0.62 during trading hours on Monday, hitting $69.39. The company’s stock had a trading volume of 86,038 shares, compared to its average volume of 54,660. The stock has a market cap of $945.79 million, a price-to-earnings ratio of 18.38 and a beta of 0.87. The business’s 50-day moving average price is $66.88 and its 200-day moving average price is $63.13. Invesco RAFI Strategic US ETF has a 12 month low of $52.82 and a 12 month high of $70.17.

Invesco RAFI Strategic US ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.2054 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, June 22nd.

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.