Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sees Significant Growth in Short Interest

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 105,400 shares, a growth of 32.1% from the October 31st total of 79,800 shares. Based on an average daily trading volume, of 55,700 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

A number of hedge funds have recently made changes to their positions in IUS. FMR LLC increased its holdings in shares of Invesco RAFI Strategic US ETF by 46.0% in 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 last quarter. CWM LLC purchased a new stake in Invesco RAFI Strategic US ETF during the second quarter valued at approximately $90,000. Sigma Planning Corp purchased a new position in shares of Invesco RAFI Strategic US ETF in the 3rd quarter worth approximately $205,000. AllGen Financial Advisors Inc. bought a new position in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at approximately $235,000. Finally, Davies Financial Advisors Inc. purchased a new stake in Invesco RAFI Strategic US ETF during the 2nd quarter valued at $239,000.

Invesco RAFI Strategic US ETF Stock Performance

Shares of NASDAQ:IUS opened at $52.31 on Monday. The firm has a market cap of $617.26 million, a price-to-earnings ratio of 19.85 and a beta of 0.96. The firm has a fifty day moving average price of $50.63 and a 200 day moving average price of $48.90. Invesco RAFI Strategic US ETF has a fifty-two week low of $41.24 and a fifty-two week high of $52.38.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.207 per share. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.58%.

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.