Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Up 38.7% in December

Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 104,000 shares, an increase of 38.7% from the November 30th total of 75,000 shares. Based on an average trading volume of 57,600 shares, the days-to-cover ratio is presently 1.8 days.

Invesco RAFI Strategic US ETF Trading Down 1.1 %

Shares of IUS traded down $0.54 during mid-day trading on Monday, reaching $49.62. The company had a trading volume of 69,122 shares, compared to its average volume of 83,661. Invesco RAFI Strategic US ETF has a fifty-two week low of $42.58 and a fifty-two week high of $52.38. The firm has a fifty day simple moving average of $50.95 and a 200-day simple moving average of $49.48. The stock has a market cap of $585.52 million, a price-to-earnings ratio of 19.85 and a beta of 0.96.

Invesco RAFI Strategic US ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.1968 per share. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in Invesco RAFI Strategic US ETF in the 2nd quarter valued at $584,000. Cetera Investment Advisers grew its holdings in Invesco RAFI Strategic US ETF by 74.4% during the 2nd quarter. Cetera Investment Advisers now owns 36,827 shares of the company’s stock valued at $1,747,000 after purchasing an additional 15,705 shares in the last quarter. FMR LLC increased its stake in Invesco RAFI Strategic US ETF by 46.0% during the 3rd quarter. FMR LLC now owns 962 shares of the company’s stock worth $48,000 after buying an additional 303 shares during the period. Bridge Advisory LLC boosted its position in Invesco RAFI Strategic US ETF by 0.3% in the 3rd quarter. Bridge Advisory LLC now owns 110,771 shares of the company’s stock valued at $5,572,000 after buying an additional 348 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Invesco RAFI Strategic US ETF by 46.1% in the second quarter. Envestnet Asset Management Inc. now owns 102,018 shares of the company’s stock worth $4,839,000 after acquiring an additional 32,208 shares in the last quarter.

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.