Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Short Interest Down 86.2% in April

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 11,864 shares, a drop of 86.2% from the March 31st total of 85,910 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 522,007 shares, the days-to-cover ratio is currently 0.0 days.

Invesco RAFI US 1000 ETF Stock Up 0.3%

NYSEARCA:PRF traded up $0.14 on Friday, reaching $50.86. 340,582 shares of the company’s stock traded hands, compared to its average volume of 534,006. The stock has a 50-day simple moving average of $48.85 and a 200-day simple moving average of $47.64. The firm has a market cap of $9.36 billion, a PE ratio of 17.96 and a beta of 0.88. Invesco RAFI US 1000 ETF has a 12 month low of $38.38 and a 12 month high of $51.04.

Hedge Funds Weigh In On Invesco RAFI US 1000 ETF

Several hedge funds have recently modified their holdings of the stock. Essex Financial Services Inc. lifted its holdings in shares of Invesco RAFI US 1000 ETF by 7.8% in the first quarter. Essex Financial Services Inc. now owns 275,840 shares of the company’s stock worth $13,111,000 after buying an additional 20,010 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Invesco RAFI US 1000 ETF by 34.5% in the first quarter. SJS Investment Consulting Inc. now owns 3,610 shares of the company’s stock worth $172,000 after buying an additional 925 shares in the last quarter. Intrua Financial LLC lifted its holdings in shares of Invesco RAFI US 1000 ETF by 13.8% in the first quarter. Intrua Financial LLC now owns 25,139 shares of the company’s stock worth $1,195,000 after buying an additional 3,054 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Invesco RAFI US 1000 ETF by 12.1% in the first quarter. Janney Montgomery Scott LLC now owns 138,282 shares of the company’s stock worth $6,573,000 after buying an additional 14,882 shares in the last quarter. Finally, Sylvest Advisors LLC purchased a new position in shares of Invesco RAFI US 1000 ETF in the first quarter worth $518,000.

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.