Short Interest in Invesco RAFI Strategic US ETF (NASDAQ:IUS) Decreases By 5.5%

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 39,200 shares, a drop of 5.5% from the August 15th total of 41,500 shares. Based on an average daily trading volume, of 67,200 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Invesco RAFI Strategic US ETF

A number of hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in shares of Invesco RAFI Strategic US ETF by 1.5% during the first quarter. Commonwealth Equity Services LLC now owns 28,116 shares of the company’s stock valued at $1,334,000 after purchasing an additional 404 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Invesco RAFI Strategic US ETF during the fourth quarter valued at about $43,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Invesco RAFI Strategic US ETF by 0.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 249,391 shares of the company’s stock valued at $11,829,000 after purchasing an additional 1,859 shares in the last quarter. CWM LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the second quarter valued at about $90,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Invesco RAFI Strategic US ETF during the fourth quarter valued at about $103,000.

Invesco RAFI Strategic US ETF Stock Up 0.1 %

NASDAQ:IUS opened at $49.48 on Wednesday. The stock’s 50-day simple moving average is $48.37 and its 200 day simple moving average is $47.34. Invesco RAFI Strategic US ETF has a twelve month low of $38.00 and a twelve month high of $49.68. The firm has a market capitalization of $533.39 million, a PE ratio of 19.85 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a dividend of $0.1768 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 1.43%. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, June 24th.

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.