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

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 39,391 shares, an increase of 43.8% from the January 15th total of 27,395 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 129,113 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 129,113 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PRFZ. CIBC Private Wealth Group LLC boosted its stake in Invesco RAFI US 1500 Small-Mid ETF by 3.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,604 shares of the company’s stock worth $303,000 after purchasing an additional 214 shares during the period. RiverFront Investment Group LLC grew its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.8% during the fourth quarter. RiverFront Investment Group LLC now owns 12,599 shares of the company’s stock worth $578,000 after buying an additional 220 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Invesco RAFI US 1500 Small-Mid ETF by 3.9% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 6,715 shares of the company’s stock valued at $305,000 after buying an additional 254 shares during the last quarter. Corient Private Wealth LLC boosted its position in Invesco RAFI US 1500 Small-Mid ETF by 1.4% during the 2nd quarter. Corient Private Wealth LLC now owns 20,614 shares of the company’s stock worth $838,000 after acquiring an additional 276 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in Invesco RAFI US 1500 Small-Mid ETF by 6.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,768 shares of the company’s stock worth $219,000 after acquiring an additional 282 shares during the last quarter.

Invesco RAFI US 1500 Small-Mid ETF Trading Up 1.0%

Shares of Invesco RAFI US 1500 Small-Mid ETF stock opened at $48.41 on Tuesday. The stock’s fifty day simple moving average is $47.78 and its 200 day simple moving average is $45.84. The company has a market capitalization of $2.71 billion, a PE ratio of 18.02 and a beta of 1.11. Invesco RAFI US 1500 Small-Mid ETF has a 12 month low of $32.53 and a 12 month high of $50.09.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a dividend of $0.1144 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, December 22nd.

About Invesco 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.