Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sees Significant Growth in Short Interest

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 32,100 shares, an increase of 88.8% from the February 28th total of 17,000 shares. Based on an average daily trading volume, of 185,200 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Invesco FTSE RAFI US 1500 Small-Mid ETF Trading Down 2.1 %

Shares of NASDAQ PRFZ traded down $0.82 on Friday, reaching $37.94. 217,406 shares of the company traded hands, compared to its average volume of 189,149. The stock has a market capitalization of $2.34 billion, a PE ratio of 16.63 and a beta of 1.17. Invesco FTSE RAFI US 1500 Small-Mid ETF has a fifty-two week low of $36.12 and a fifty-two week high of $45.80. The company has a 50 day moving average of $40.96 and a 200 day moving average of $41.89.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.0437 per share. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On Invesco FTSE RAFI US 1500 Small-Mid ETF

A number of hedge funds have recently made changes to their positions in PRFZ. Oarsman Capital Inc. purchased a new position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the 4th quarter worth $32,000. Integrity Financial Corp WA purchased a new position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the 4th quarter worth about $32,000. Continuum Advisory LLC lifted its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 62.9% in the 4th quarter. Continuum Advisory LLC now owns 795 shares of the company’s stock valued at $33,000 after purchasing an additional 307 shares in the last quarter. Tucker Asset Management LLC grew its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 60.3% during the 4th quarter. Tucker Asset Management LLC now owns 824 shares of the company’s stock worth $34,000 after purchasing an additional 310 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF during the 4th quarter worth approximately $35,000.

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.