Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Update

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 7,341 shares, a decrease of 81.6% from the November 30th total of 39,956 shares. Based on an average daily trading volume, of 39,971 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 39,971 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IUS. Raymond James Financial Inc. increased its stake in shares of Invesco RAFI Strategic US ETF by 3.9% in the 1st quarter. Raymond James Financial Inc. now owns 252,259 shares of the company’s stock worth $12,451,000 after acquiring an additional 9,580 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Invesco RAFI Strategic US ETF in the 1st quarter valued at about $11,162,000. Nova Wealth Management Inc. grew its stake in shares of Invesco RAFI Strategic US ETF by 6.3% in the 1st quarter. Nova Wealth Management Inc. now owns 33,062 shares of the company’s stock valued at $1,632,000 after buying an additional 1,966 shares during the period. Breakwater Capital Group increased its holdings in shares of Invesco RAFI Strategic US ETF by 71.9% during the 2nd quarter. Breakwater Capital Group now owns 26,395 shares of the company’s stock worth $1,359,000 after buying an additional 11,036 shares during the last quarter. Finally, Intelligence Driven Advisers LLC increased its holdings in shares of Invesco RAFI Strategic US ETF by 42.6% during the 2nd quarter. Intelligence Driven Advisers LLC now owns 553,625 shares of the company’s stock worth $28,512,000 after buying an additional 165,359 shares during the last quarter.

Invesco RAFI Strategic US ETF Stock Performance

Shares of NASDAQ:IUS traded down $0.01 during midday trading on Friday, hitting $57.59. The company’s stock had a trading volume of 27,905 shares, compared to its average volume of 60,355. The company has a market cap of $702.60 million, a P/E ratio of 18.38 and a beta of 0.93. Invesco RAFI Strategic US ETF has a 12-month low of $42.97 and a 12-month high of $58.01. The business’s 50 day simple moving average is $56.51 and its 200 day simple moving average is $54.25.

Invesco RAFI Strategic US ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be given a $0.2108 dividend. The ex-dividend date is Monday, December 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.5%.

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.