Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Sees Large Decrease in Short Interest

by · The Cerbat Gem

Invesco RAFI US 1000 ETF (NYSEARCA:PRF – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 9,774 shares, a drop of 44.7% from the May 31st total of 17,675 shares. Based on an average trading volume of 355,717 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Curry Webb Wealth Management LLC bought a new stake in Invesco RAFI US 1000 ETF during the 1st quarter valued at $4,495,000. First Nebraska Trust Co bought a new position in shares of Invesco RAFI US 1000 ETF in the 1st quarter worth $371,000. Keel Point LLC raised its position in shares of Invesco RAFI US 1000 ETF by 256.1% in the 1st quarter. Keel Point LLC now owns 16,034 shares of the company’s stock worth $762,000 after acquiring an additional 11,531 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Invesco RAFI US 1000 ETF by 0.8% during the 1st quarter. Bank of America Corp DE now owns 11,102,869 shares of the company’s stock worth $527,719,000 after purchasing an additional 92,636 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of Invesco RAFI US 1000 ETF by 373.0% during the 1st quarter. Arkadios Wealth Advisors now owns 156,793 shares of the company’s stock worth $7,452,000 after purchasing an additional 123,647 shares during the last quarter.

Invesco RAFI US 1000 ETF Stock Performance

PRF stock traded up $0.02 during midday trading on Wednesday, reaching $54.05. The company’s stock had a trading volume of 168,993 shares, compared to its average volume of 518,288. The stock has a fifty day simple moving average of $52.84 and a two-hundred day simple moving average of $49.98. Invesco RAFI US 1000 ETF has a 1 year low of $41.83 and a 1 year high of $54.65. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 17.96 and a beta of 0.87.

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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