Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sees Significant Growth in Short Interest

Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 105,400 shares, a growth of 32.1% from the October 31st total of 79,800 shares. Based on an average daily volume of 55,700 shares, the days-to-cover ratio is currently 1.9 days.

Invesco RAFI Strategic US ETF Trading Up 0.5 %

Shares of NASDAQ:IUS traded up $0.28 during mid-day trading on Friday, reaching $52.31. The company had a trading volume of 24,748 shares, compared to its average volume of 85,550. The firm has a market cap of $617.26 million, a price-to-earnings ratio of 19.85 and a beta of 0.96. The company’s 50-day moving average price is $50.63 and its 200-day moving average price is $48.87. Invesco RAFI Strategic US ETF has a one year low of $41.24 and a one year high of $52.38.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.207 per share. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, September 23rd. This represents a $0.83 dividend on an annualized basis and a yield of 1.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IUS. FMR LLC grew its position in Invesco RAFI Strategic US ETF by 46.0% in the third quarter. FMR LLC now owns 962 shares of the company’s stock worth $48,000 after acquiring an additional 303 shares in the last quarter. Bridge Advisory LLC lifted its stake in Invesco RAFI Strategic US ETF by 0.3% in the third quarter. Bridge Advisory LLC now owns 110,771 shares of the company’s stock worth $5,572,000 after purchasing an additional 348 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in Invesco RAFI Strategic US ETF by 4.3% in the third quarter. Integrated Wealth Concepts LLC now owns 11,148 shares of the company’s stock worth $561,000 after purchasing an additional 456 shares during the last quarter. Lifeworks Advisors LLC lifted its stake in Invesco RAFI Strategic US ETF by 16.6% in the third quarter. Lifeworks Advisors LLC now owns 5,284 shares of the company’s stock worth $266,000 after purchasing an additional 752 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in Invesco RAFI Strategic US ETF by 19.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 5,080 shares of the company’s stock worth $256,000 after purchasing an additional 827 shares during the last quarter.

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.