Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Up 163.4% in July

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 62,700 shares, an increase of 163.4% from the July 15th total of 23,800 shares. Based on an average daily trading volume, of 92,200 shares, the short-interest ratio is currently 0.7 days.

Invesco RAFI Strategic US ETF Stock Performance

Shares of NASDAQ:IUS traded up $0.65 during midday trading on Thursday, reaching $48.40. The company’s stock had a trading volume of 33,324 shares, compared to its average volume of 99,036. Invesco RAFI Strategic US ETF has a fifty-two week low of $38.00 and a fifty-two week high of $49.23. The firm has a 50 day moving average price of $47.68 and a two-hundred day moving average price of $46.64. The firm has a market capitalization of $521.75 million, a price-to-earnings ratio of 19.85 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a dividend of $0.1768 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 1.46%. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, June 24th.

Institutional Trading of Invesco RAFI Strategic US ETF

Several hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its stake in Invesco RAFI Strategic US ETF by 120.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 247,532 shares of the company’s stock worth $11,748,000 after acquiring an additional 135,243 shares in the last quarter. Aveo Capital Partners LLC boosted its position in shares of Invesco RAFI Strategic US ETF by 28.7% during the 4th quarter. Aveo Capital Partners LLC now owns 478,497 shares of the company’s stock worth $20,719,000 after purchasing an additional 106,659 shares in the last quarter. Centaurus Financial Inc. bought a new position in shares of Invesco RAFI Strategic US ETF during the 4th quarter worth about $103,000. Avantax Advisory Services Inc. acquired a new stake in shares of Invesco RAFI Strategic US ETF in the 1st quarter valued at about $257,000. Finally, Merit Financial Group LLC increased its position in Invesco RAFI Strategic US ETF by 6.6% in the 4th quarter. Merit Financial Group LLC now owns 508,228 shares of the company’s stock valued at $22,006,000 after buying an additional 31,417 shares in the last quarter.

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.