Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Down 23.5% in March

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 10,400 shares, a drop of 23.5% from the February 28th total of 13,600 shares. Based on an average daily volume of 90,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Invesco RAFI Strategic US ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in Invesco RAFI Strategic US ETF by 1,955.2% during the third quarter. JPMorgan Chase & Co. now owns 7,666 shares of the company’s stock valued at $386,000 after purchasing an additional 7,293 shares during the last quarter. FMR LLC raised its holdings in Invesco RAFI Strategic US ETF by 46.0% during the 3rd quarter. FMR LLC now owns 962 shares of the company’s stock valued at $48,000 after buying an additional 303 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Invesco RAFI Strategic US ETF during the 4th quarter valued at $645,000. Raymond James Financial Inc. purchased a new stake in Invesco RAFI Strategic US ETF during the 4th quarter valued at $12,054,000. Finally, Allworth Financial LP bought a new stake in Invesco RAFI Strategic US ETF in the 4th quarter worth $512,000.

Invesco RAFI Strategic US ETF Stock Down 1.7 %

Shares of IUS opened at $48.94 on Monday. Invesco RAFI Strategic US ETF has a twelve month low of $45.07 and a twelve month high of $52.38. The stock has a market cap of $641.11 million, a PE ratio of 19.74 and a beta of 0.96. The business’s 50-day moving average price is $50.69 and its 200-day moving average price is $50.58.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.2128 per share. The ex-dividend date was Monday, March 24th. This is a boost from Invesco RAFI Strategic US ETF’s previous dividend of $0.20.

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.