Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Sees Significant Decline in Short Interest

by · The Cerbat Gem

Invesco RAFI US 1000 ETF (NYSEARCA:PRF – Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 11,864 shares, a decrease of 86.2% from the March 31st total of 85,910 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 522,007 shares, the short-interest ratio is currently 0.0 days.

Invesco RAFI US 1000 ETF Price Performance

PRF stock traded up $0.14 during midday trading on Friday, hitting $50.86. The stock had a trading volume of 340,582 shares, compared to its average volume of 534,006. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 17.96 and a beta of 0.88. The business has a 50-day moving average of $48.85 and a two-hundred day moving average of $47.66. Invesco RAFI US 1000 ETF has a 52-week low of $38.38 and a 52-week high of $51.04.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRF. MCF Advisors LLC grew its stake in Invesco RAFI US 1000 ETF by 74.6% in the fourth quarter. MCF Advisors LLC now owns 702 shares of the company’s stock worth $33,000 after purchasing an additional 300 shares during the period. Lodestone Wealth Management LLC purchased a new stake in Invesco RAFI US 1000 ETF in the fourth quarter worth $34,000. JPL Wealth Management LLC purchased a new stake in Invesco RAFI US 1000 ETF in the third quarter worth $35,000. Russell Investments Group Ltd. grew its stake in Invesco RAFI US 1000 ETF by 114.1% in the third quarter. Russell Investments Group Ltd. now owns 835 shares of the company’s stock worth $38,000 after purchasing an additional 445 shares during the period. Finally, Investment Research & Advisory Group Inc. boosted its holdings in Invesco RAFI US 1000 ETF by 570.2% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 878 shares of the company’s stock worth $41,000 after acquiring an additional 747 shares in the last quarter.

Invesco RAFI US 1000 ETF Company Profile

(Get Free Report)

The Invesco FTSE RAFI US 1000 ETF (PRF) is an exchange-traded fund that is based on the FTSE RAFI US 1000 index. The fund tracks an index of 1,000 of the largest US companies that are selected and weighted using fundamental metrics. PRF was launched on Dec 19, 2005 and is managed by Invesco.

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