Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sees Large Drop in Short Interest

Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 12,886 shares, a drop of 60.9% from the January 29th total of 32,998 shares. Based on an average daily trading volume, of 41,527 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 41,527 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in Invesco RAFI Strategic US ETF during the 4th quarter worth $25,000. US Bancorp DE purchased a new position in shares of Invesco RAFI Strategic US ETF during the third quarter worth about $41,000. Root Financial Partners LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the third quarter worth about $60,000. Hughes Financial Services LLC lifted its holdings in shares of Invesco RAFI Strategic US ETF by 58.1% in the 4th quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock valued at $146,000 after purchasing an additional 938 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter valued at about $208,000.

Invesco RAFI Strategic US ETF Stock Performance

Shares of NASDAQ:IUS traded up $0.24 on Friday, hitting $60.58. 12,777 shares of the company’s stock were exchanged, compared to its average volume of 40,348. Invesco RAFI Strategic US ETF has a 1-year low of $42.97 and a 1-year high of $60.94. The company has a market capitalization of $739.08 million, a PE ratio of 18.38 and a beta of 0.93. The firm’s 50-day moving average is $59.05 and its 200 day moving average is $56.64.

Invesco RAFI Strategic US ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.2108 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.4%.

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.