Invesco RAFI Strategic US ETF (NASDAQ:IUS) Short Interest Down 81.6% in December

by · The Markets Daily

Invesco RAFI Strategic US ETF (NASDAQ:IUS – Get Free Report) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 7,341 shares, a drop of 81.6% from the November 30th total of 39,956 shares. Based on an average trading volume of 39,971 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 39,971 shares, the short-interest ratio is presently 0.2 days.

Invesco RAFI Strategic US ETF Trading Up 0.4%

Shares of NASDAQ IUS traded up $0.23 during midday trading on Thursday, hitting $57.62. 16,523 shares of the company’s stock were exchanged, compared to its average volume of 60,487. The business’s fifty day moving average price is $56.46 and its two-hundred day moving average price is $54.22. The company has a market cap of $702.96 million, a price-to-earnings ratio of 18.38 and a beta of 0.93. Invesco RAFI Strategic US ETF has a 12-month low of $42.97 and a 12-month high of $58.01.

Invesco RAFI Strategic US ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be issued a $0.2108 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.5%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC purchased a new stake in Invesco RAFI Strategic US ETF during the second quarter valued at about $25,000. US Bancorp DE purchased a new position in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at about $41,000. Root Financial Partners LLC bought a new stake in Invesco RAFI Strategic US ETF in the 3rd quarter worth approximately $60,000. Corient Private Wealth LLC purchased a new stake in Invesco RAFI Strategic US ETF in the second quarter worth approximately $208,000. Finally, Betterment LLC purchased a new stake in Invesco RAFI Strategic US ETF in the second quarter worth approximately $214,000.

About Invesco RAFI Strategic US ETF

(Get Free Report)

The Invesco RAFI Strategic US ETF (IUS) is an exchange-traded fund that is based on the Invesco Strategic US index. The fund tracks an index of stocks from large US firms. The index determines firm size by fundamental metrics and also screens by quality metrics IUS was launched on Sep 12, 2018 and is managed by Invesco.

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