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

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 232,200 shares, a growth of 1,594.9% from the December 31st total of 13,700 shares. Based on an average trading volume of 101,800 shares, the days-to-cover ratio is currently 2.3 days.

Invesco FTSE RAFI US 1500 Small-Mid ETF Trading Up 0.1 %

Invesco FTSE RAFI US 1500 Small-Mid ETF stock traded up $0.04 during midday trading on Tuesday, hitting $42.81. 81,172 shares of the stock were exchanged, compared to its average volume of 145,940. Invesco FTSE RAFI US 1500 Small-Mid ETF has a fifty-two week low of $35.71 and a fifty-two week high of $45.80. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 2.78 and a beta of 1.17. The stock’s 50-day simple moving average is $43.12 and its 200 day simple moving average is $41.78.

Invesco FTSE RAFI US 1500 Small-Mid ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.2305 per share. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco FTSE RAFI US 1500 Small-Mid ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRFZ. Strategic Financial Concepts LLC purchased a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF during the fourth quarter worth about $1,760,000. Lion Street Advisors LLC grew its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.9% during the fourth quarter. Lion Street Advisors LLC now owns 29,194 shares of the company’s stock worth $1,215,000 after purchasing an additional 826 shares in the last quarter. Mather Group LLC. raised its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 206.7% in the fourth quarter. Mather Group LLC. now owns 6,432 shares of the company’s stock valued at $268,000 after buying an additional 4,335 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF during the 4th quarter worth about $1,991,000. Finally, Spire Wealth Management increased its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.9% in the 4th quarter. Spire Wealth Management now owns 8,644 shares of the company’s stock valued at $360,000 after acquiring an additional 403 shares during the last quarter.

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.