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

Invesco RAFI Strategic US ETF (NASDAQ:IUSGet Rating) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 25,100 shares, a drop of 36.9% from the March 31st total of 39,800 shares. Based on an average daily volume of 48,300 shares, the days-to-cover ratio is currently 0.5 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in Invesco RAFI Strategic US ETF by 8.7% in the 3rd quarter. Invesco Ltd. now owns 304,672 shares of the company’s stock worth $11,218,000 after purchasing an additional 24,290 shares in the last quarter. LPL Financial LLC raised its position in shares of Invesco RAFI Strategic US ETF by 118.7% during the 4th quarter. LPL Financial LLC now owns 12,310 shares of the company’s stock valued at $499,000 after buying an additional 6,680 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at approximately $267,000. AdvisorNet Financial Inc raised its position in shares of Invesco RAFI Strategic US ETF by 413.8% during the 1st quarter. AdvisorNet Financial Inc now owns 1,788 shares of the company’s stock valued at $73,000 after buying an additional 1,440 shares during the period. Finally, Advisor Group Holdings Inc. raised its position in shares of Invesco RAFI Strategic US ETF by 419.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,468 shares of the company’s stock valued at $100,000 after buying an additional 1,993 shares during the period.

IUS traded down $1.27 during trading on Friday, reaching $38.24. The company’s stock had a trading volume of 36,648 shares, compared to its average volume of 44,002. The firm has a fifty day simple moving average of $39.71 and a two-hundred day simple moving average of $39.59. Invesco RAFI Strategic US ETF has a 1 year low of $36.02 and a 1 year high of $41.60.

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