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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 42,691 shares, a decrease of 51.1% from the June 15th total of 87,300 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 34,872 shares, the days-to-cover ratio is presently 1.2 days.

Invesco RAFI Strategic US ETF Stock Performance

Shares of IUS traded up $0.09 during mid-day trading on Wednesday, reaching $66.87. The company had a trading volume of 32,657 shares, compared to its average volume of 52,279. The company has a market capitalization of $894.72 million, a price-to-earnings ratio of 18.38 and a beta of 0.87. The company’s 50 day simple moving average is $65.36 and its 200 day simple moving average is $61.53. Invesco RAFI Strategic US ETF has a 1-year low of $50.96 and a 1-year high of $67.39.

Invesco RAFI Strategic US ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders 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 was Monday, June 22nd.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new stake in shares of Invesco RAFI Strategic US ETF during the first quarter worth about $11,162,000. Betterment LLC acquired a new stake in Invesco RAFI Strategic US ETF during the 2nd quarter worth approximately $214,000. McIlrath & Eck LLC grew its holdings in Invesco RAFI Strategic US ETF by 6.5% during the 2nd quarter. McIlrath & Eck LLC now owns 129,200 shares of the company’s stock worth $6,654,000 after acquiring an additional 7,922 shares during the last quarter. MML Investors Services LLC grew its holdings in Invesco RAFI Strategic US ETF by 29.2% during the 2nd quarter. MML Investors Services LLC now owns 122,507 shares of the company’s stock worth $6,309,000 after acquiring an additional 27,667 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in Invesco RAFI Strategic US ETF by 372.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 89,882 shares of the company’s stock valued at $4,629,000 after acquiring an additional 70,871 shares during the period.

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.