Short Interest in Invesco RAFI Strategic US ETF (NASDAQ:IUS) Rises By 38.7%

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

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IUS. JPMorgan Chase & Co. raised its stake in shares of Invesco RAFI Strategic US ETF by 1,955.2% in the third quarter. JPMorgan Chase & Co. now owns 7,666 shares of the company’s stock worth $386,000 after purchasing an additional 7,293 shares during the last quarter. World Investment Advisors LLC bought a new stake in Invesco RAFI Strategic US ETF in the 3rd quarter worth about $3,030,000. Eaton Financial Holdings Company LLC purchased a new position in Invesco RAFI Strategic US ETF in the 3rd quarter worth about $4,194,000. McIlrath & Eck LLC lifted its stake in Invesco RAFI Strategic US ETF by 6.5% during the 3rd quarter. McIlrath & Eck LLC now owns 119,585 shares of the company’s stock valued at $6,015,000 after acquiring an additional 7,289 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of Invesco RAFI Strategic US ETF by 41.3% during the 3rd quarter. MML Investors Services LLC now owns 110,730 shares of the company’s stock valued at $5,570,000 after acquiring an additional 32,342 shares during the last quarter.

Invesco RAFI Strategic US ETF Trading Down 1.1 %

NASDAQ:IUS traded down $0.54 on Monday, reaching $49.62. 69,122 shares of the stock traded hands, compared to its average volume of 83,661. The company has a market capitalization of $585.52 million, a price-to-earnings ratio of 19.85 and a beta of 0.96. Invesco RAFI Strategic US ETF has a 12 month low of $42.58 and a 12 month high of $52.38. The company’s fifty day simple moving average is $50.97 and its 200 day simple moving average is $49.47.

Invesco RAFI Strategic US ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.1968 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.