Short Interest in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Expands By 239.8%

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 72,278 shares, an increase of 239.8% from the April 30th total of 21,271 shares. Based on an average daily volume of 974,385 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco RAFI US 1000 ETF

Institutional investors have recently bought and sold shares of the stock. MCF Advisors LLC raised its holdings in Invesco RAFI US 1000 ETF by 74.6% in the 4th quarter. MCF Advisors LLC now owns 702 shares of the company’s stock worth $33,000 after purchasing an additional 300 shares during the period. Lodestone Wealth Management LLC bought a new position in Invesco RAFI US 1000 ETF in the 4th quarter worth $34,000. JPL Wealth Management LLC bought a new position in Invesco RAFI US 1000 ETF in the 3rd quarter worth $35,000. Russell Investments Group Ltd. raised its holdings in Invesco RAFI US 1000 ETF by 114.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 835 shares of the company’s stock worth $38,000 after purchasing an additional 445 shares during the period. Finally, Investment Research & Advisory Group Inc. raised its holdings in Invesco RAFI US 1000 ETF by 570.2% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 878 shares of the company’s stock worth $41,000 after purchasing an additional 747 shares during the period.

Invesco RAFI US 1000 ETF Trading Down 0.2%

Invesco RAFI US 1000 ETF stock traded down $0.09 during trading on Friday, reaching $53.60. The company had a trading volume of 320,383 shares, compared to its average volume of 560,538. Invesco RAFI US 1000 ETF has a 52 week low of $40.37 and a 52 week high of $53.81. The firm’s 50-day simple moving average is $50.48 and its 200 day simple moving average is $48.80. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 17.96 and a beta of 0.88.

About Invesco RAFI US 1000 ETF

The Invesco FTSE RAFI US 1000 ETF (PRF) is an exchange-traded fund that is based on the FTSE RAFI US 1000 index. The fund tracks an index of 1,000 of the largest US companies that are selected and weighted using fundamental metrics. PRF was launched on Dec 19, 2005 and is managed by Invesco.