Short Interest in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Drops By 42.0%
by Doug Wharley · The Cerbat GemInvesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ – Get Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 6,692 shares, a decrease of 42.0% from the April 15th total of 11,546 shares. Based on an average daily volume of 64,009 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Invesco RAFI US 1500 Small-Mid ETF Stock Performance
Shares of NASDAQ PRFZ traded down $0.06 during trading on Monday, hitting $49.65. 50,813 shares of the company traded hands, compared to its average volume of 140,144. The business’s fifty day moving average is $48.15 and its 200 day moving average is $47.43. Invesco RAFI US 1500 Small-Mid ETF has a fifty-two week low of $37.88 and a fifty-two week high of $51.87. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07.
Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.1017 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.41 annualized dividend and a dividend yield of 0.8%.
Institutional Investors Weigh In On Invesco RAFI US 1500 Small-Mid ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Howe & Rusling Inc. increased its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 72.6% during the third quarter. Howe & Rusling Inc. now owns 725 shares of the company’s stock worth $33,000 after acquiring an additional 305 shares in the last quarter. Clearstead Trust LLC bought a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF during the fourth quarter worth about $45,000. Palisade Asset Management LLC bought a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF during the third quarter worth about $69,000. Sunbelt Securities Inc. increased its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 20.8% during the third quarter. Sunbelt Securities Inc. now owns 1,727 shares of the company’s stock worth $78,000 after acquiring an additional 297 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF during the third quarter worth about $80,000.
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.