Short Interest in Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Grows By 1,594.9%

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 232,200 shares, a growth of 1,594.9% from the December 15th total of 13,700 shares. Based on an average daily volume of 101,800 shares, the days-to-cover ratio is currently 2.3 days.

Invesco FTSE RAFI US 1500 Small-Mid ETF Trading Up 1.4 %

PRFZ stock traded up $0.57 during trading hours on Tuesday, hitting $41.59. 75,941 shares of the stock were exchanged, compared to its average volume of 119,105. The company has a 50-day simple moving average of $43.33 and a two-hundred day simple moving average of $41.45. Invesco FTSE RAFI US 1500 Small-Mid ETF has a 12 month low of $35.08 and a 12 month high of $45.80. The firm has a market capitalization of $2.55 billion, a P/E ratio of 2.78 and a beta of 1.17.

Invesco FTSE RAFI US 1500 Small-Mid ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.2305 per share. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco FTSE RAFI US 1500 Small-Mid ETF

Several institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF during the 3rd quarter worth approximately $27,000. Private Trust Co. NA raised its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 73.0% during the 3rd quarter. Private Trust Co. NA now owns 995 shares of the company’s stock worth $41,000 after buying an additional 420 shares in the last quarter. Oak Harbor Wealth Partners LLC bought a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF during the 3rd quarter worth $57,000. Blue Trust Inc. acquired a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF in the third quarter valued at about $68,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the second quarter valued at about $68,000.

About Invesco FTSE RAFI US 1500 Small-Mid ETF

The Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) is an exchange-traded fund that is based on the FTSE RAFI US 1500 index. The fund tracks a fundamentally-weighted index of 1,500 small- and mid-cap companies in the US that are selected using fundamental metrics. PRFZ was launched on Sep 20, 2006 and is managed by Invesco.