Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Down 10.6% in October

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 79,800 shares, a drop of 10.6% from the October 15th total of 89,300 shares. Based on an average daily trading volume, of 57,100 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Trading of Invesco RAFI Strategic US ETF

Several hedge funds have recently added to or reduced their stakes in IUS. FMR LLC raised its stake in shares of Invesco RAFI Strategic US ETF by 46.0% in the 3rd quarter. FMR LLC now owns 962 shares of the company’s stock valued at $48,000 after purchasing an additional 303 shares during the period. CWM LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter valued at about $90,000. Sigma Planning Corp acquired a new stake in shares of Invesco RAFI Strategic US ETF in the 3rd quarter valued at about $205,000. AllGen Financial Advisors Inc. acquired a new stake in shares of Invesco RAFI Strategic US ETF in the 3rd quarter valued at about $235,000. Finally, Davies Financial Advisors Inc. acquired a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter valued at about $239,000.

Invesco RAFI Strategic US ETF Stock Down 1.0 %

Invesco RAFI Strategic US ETF stock traded down $0.53 during mid-day trading on Friday, hitting $50.71. 39,233 shares of the company’s stock were exchanged, compared to its average volume of 86,714. The firm has a market capitalization of $598.38 million, a P/E ratio of 19.85 and a beta of 0.96. Invesco RAFI Strategic US ETF has a fifty-two week low of $40.65 and a fifty-two week high of $51.91. The company’s 50 day simple moving average is $50.12 and its 200-day simple moving average is $48.51.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.207 per share. This represents a $0.83 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Monday, September 23rd. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18.

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.