Short Interest in Invesco RAFI Strategic US ETF (NASDAQ:IUS) Declines By 5.7%

Posted by Matthew Steigler on Apr 18th, 2024

Invesco RAFI Strategic US ETF (NASDAQ:IUS – Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 24,700 shares, a decline of 5.7% from the March 15th total of 26,200 shares. Based on an average daily trading volume, of 95,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Invesco RAFI Strategic US ETF

Hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. bought a new position in Invesco RAFI Strategic US ETF in the first quarter worth about $32,000. Anchor Investment Management LLC bought a new position in Invesco RAFI Strategic US ETF in the fourth quarter worth about $41,000. Principal Securities Inc. bought a new position in Invesco RAFI Strategic US ETF in the fourth quarter worth about $43,000. UBS Group AG bought a new position in Invesco RAFI Strategic US ETF in the first quarter worth about $51,000. Finally, Global Retirement Partners LLC raised its holdings in Invesco RAFI Strategic US ETF by 64.4% in the third quarter. Global Retirement Partners LLC now owns 1,649 shares of the company’s stock worth $65,000 after purchasing an additional 646 shares in the last quarter.

Invesco RAFI Strategic US ETF Trading Down 0.6 %

Shares of IUS opened at $45.40 on Thursday. The firm has a market capitalization of $451.73 million, a P/E ratio of 20.01 and a beta of 0.96. Invesco RAFI Strategic US ETF has a 12-month low of $37.58 and a 12-month high of $47.66. The firm has a fifty day moving average price of $46.09 and a 200-day moving average price of $43.22.

Invesco RAFI Strategic US ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.174 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Monday, March 18th.

Invesco RAFI Strategic US ETF Company Profile

(Get Free Report)

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.