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

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 34,300 shares, a decrease of 49.1% from the May 15th total of 67,400 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 383,900 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco RAFI US 1500 Small-Mid ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC acquired a new stake in Invesco RAFI US 1500 Small-Mid ETF in the 4th quarter worth about $518,000. Tanglewood Legacy Advisors LLC purchased a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF during the fourth quarter worth approximately $91,000. Strategic Financial Concepts LLC acquired a new position in Invesco RAFI US 1500 Small-Mid ETF in the 4th quarter valued at $1,760,000. Sanctuary Advisors LLC lifted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 2.9% in the 4th quarter. Sanctuary Advisors LLC now owns 37,364 shares of the company’s stock valued at $1,611,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Empower Advisory Group LLC lifted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 10.1% in the 4th quarter. Empower Advisory Group LLC now owns 5,656 shares of the company’s stock valued at $235,000 after purchasing an additional 520 shares in the last quarter.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

NASDAQ:PRFZ traded down $0.09 during midday trading on Tuesday, hitting $39.79. The company’s stock had a trading volume of 4,584 shares, compared to its average volume of 294,034. Invesco RAFI US 1500 Small-Mid ETF has a fifty-two week low of $32.53 and a fifty-two week high of $45.80. The firm has a market cap of $2.34 billion, a P/E ratio of 15.99 and a beta of 1.17. The firm’s 50 day moving average is $37.99 and its 200-day moving average is $40.07.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.0437 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.