Short Interest in Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Increases By 88.8%

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 32,100 shares, a growth of 88.8% from the February 28th total of 17,000 shares. Based on an average trading volume of 185,200 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Invesco FTSE RAFI US 1500 Small-Mid ETF Price Performance

Shares of NASDAQ PRFZ traded down $0.82 during trading on Friday, hitting $37.94. The stock had a trading volume of 217,406 shares, compared to its average volume of 189,149. The firm has a fifty day moving average of $40.96 and a two-hundred day moving average of $41.89. The company has a market capitalization of $2.35 billion, a PE ratio of 16.63 and a beta of 1.21. Invesco FTSE RAFI US 1500 Small-Mid ETF has a 12 month low of $36.12 and a 12 month high of $45.80.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a $0.0437 dividend. The ex-dividend date is Monday, March 24th.

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

Several hedge funds have recently modified their holdings of PRFZ. Bank of America Corp DE increased its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.2% during the fourth quarter. Bank of America Corp DE now owns 2,611,574 shares of the company’s stock valued at $108,668,000 after acquiring an additional 57,183 shares during the last quarter. LPL Financial LLC grew its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 1.4% in the 4th quarter. LPL Financial LLC now owns 1,239,605 shares of the company’s stock valued at $51,580,000 after purchasing an additional 16,910 shares during the period. First Foundation Advisors increased its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.9% during the 4th quarter. First Foundation Advisors now owns 1,105,902 shares of the company’s stock valued at $46,017,000 after purchasing an additional 52,016 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF during the 4th quarter valued at $42,003,000. Finally, Royal Bank of Canada raised its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 3.7% during the 4th quarter. Royal Bank of Canada now owns 691,179 shares of the company’s stock worth $28,760,000 after purchasing an additional 24,962 shares during the period.

Invesco FTSE RAFI US 1500 Small-Mid ETF Company Profile

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.