Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sees Significant Increase in Short Interest

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 13,200 shares, a growth of 25.7% from the August 31st total of 10,500 shares. Based on an average daily trading volume, of 85,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Invesco FTSE RAFI US 1500 Small-Mid ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PRFZ. Boston Standard Wealth Management LLC increased its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 0.9% in the 2nd quarter. Boston Standard Wealth Management LLC now owns 41,251 shares of the company’s stock valued at $1,573,000 after acquiring an additional 349 shares during the period. Larson Financial Group LLC raised its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.2% during the second quarter. Larson Financial Group LLC now owns 9,072 shares of the company’s stock worth $346,000 after purchasing an additional 365 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 169.5% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 717 shares of the company’s stock worth $28,000 after purchasing an additional 451 shares during the period. CWM LLC grew its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 27.7% in the 2nd quarter. CWM LLC now owns 2,418 shares of the company’s stock valued at $92,000 after buying an additional 524 shares during the last quarter. Finally, Western Wealth Management LLC increased its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 5.3% in the 2nd quarter. Western Wealth Management LLC now owns 13,394 shares of the company’s stock valued at $511,000 after buying an additional 669 shares during the period.

Invesco FTSE RAFI US 1500 Small-Mid ETF Price Performance

Shares of PRFZ traded up $0.26 during mid-day trading on Friday, reaching $41.45. 80,306 shares of the company’s stock were exchanged, compared to its average volume of 104,141. The business’s fifty day simple moving average is $40.36 and its 200-day simple moving average is $39.01. The stock has a market capitalization of $2.54 billion, a PE ratio of 2.78 and a beta of 1.17. Invesco FTSE RAFI US 1500 Small-Mid ETF has a 52-week low of $30.29 and a 52-week high of $42.64.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.131 per share. This represents a $0.52 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco FTSE 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.