Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Short Interest Update

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 20,427 shares, a drop of 84.5% from the January 15th total of 131,631 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 410,622 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 410,622 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Invesco RAFI US 1000 ETF Stock Down 0.1%

NYSEARCA:PRF traded down $0.06 during mid-day trading on Tuesday, hitting $49.87. 429,600 shares of the stock traded hands, compared to its average volume of 396,337. Invesco RAFI US 1000 ETF has a 52 week low of $34.98 and a 52 week high of $50.09. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 17.96 and a beta of 0.92. The firm’s 50 day moving average is $47.99 and its two-hundred day moving average is $45.92.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco RAFI US 1000 ETF by 1,740.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 33,412,176 shares of the company’s stock valued at $1,537,911,000 after acquiring an additional 31,596,591 shares during the period. Bank of America Corp DE lifted its position in shares of Invesco RAFI US 1000 ETF by 1.6% during the second quarter. Bank of America Corp DE now owns 11,565,365 shares of the company’s stock worth $488,868,000 after purchasing an additional 184,757 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Invesco RAFI US 1000 ETF by 4.7% during the second quarter. Ameriprise Financial Inc. now owns 7,343,268 shares of the company’s stock worth $310,447,000 after purchasing an additional 332,315 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Invesco RAFI US 1000 ETF by 1.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,192,385 shares of the company’s stock valued at $243,627,000 after purchasing an additional 97,185 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Invesco RAFI US 1000 ETF by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 4,719,038 shares of the company’s stock worth $199,474,000 after purchasing an additional 16,804 shares during the last quarter.

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.