Short Interest in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Rises By 77.1%

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 61,225 shares, an increase of 77.1% from the February 12th total of 34,566 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 62,778 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 62,778 shares, the short-interest ratio is presently 1.0 days. Currently, 0.1% of the shares of the company are sold short.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

Shares of NASDAQ PRFZ traded down $0.16 during midday trading on Friday, hitting $45.49. 73,062 shares of the company’s stock were exchanged, compared to its average volume of 110,275. The stock’s 50 day moving average price is $48.21 and its 200-day moving average price is $46.49. The firm has a market cap of $2.55 billion, a P/E ratio of 18.02 and a beta of 1.11. Invesco RAFI US 1500 Small-Mid ETF has a twelve month low of $32.53 and a twelve month high of $50.09.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.1144 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.46 annualized dividend and a yield of 1.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PRFZ. AlphaCore Capital LLC grew its position in Invesco RAFI US 1500 Small-Mid ETF by 3,737.0% in the 2nd quarter. AlphaCore Capital LLC now owns 265,330 shares of the company’s stock valued at $10,791,000 after buying an additional 258,415 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 125,512 shares of the company’s stock worth $5,105,000 after buying an additional 2,369 shares in the last quarter. Three Bridge Wealth Advisors LLC lifted its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 8.5% in the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 267,437 shares of the company’s stock worth $12,147,000 after acquiring an additional 20,972 shares during the period. WCG Wealth Advisors LLC lifted its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 58.7% in the 2nd quarter. WCG Wealth Advisors LLC now owns 254,551 shares of the company’s stock worth $10,353,000 after acquiring an additional 94,200 shares during the period. Finally, M Holdings Securities Inc. bought a new position in shares of Invesco RAFI US 1500 Small-Mid ETF in the second quarter valued at approximately $1,114,000.

About Invesco RAFI US 1500 Small-Mid ETF

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.