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

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 18,700 shares, an increase of 136.7% from the February 29th total of 7,900 shares. Based on an average daily trading volume, of 143,300 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Barrett & Company Inc. increased its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 403.4% in the 3rd quarter. Barrett & Company Inc. now owns 750 shares of the company’s stock valued at $25,000 after buying an additional 601 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF during the second quarter worth about $25,000. EPG Wealth Management LLC raised its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 401.2% in the third quarter. EPG Wealth Management LLC now owns 847 shares of the company’s stock worth $28,000 after acquiring an additional 678 shares during the period. Baystate Wealth Management LLC increased its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 403.5% during the 3rd quarter. Baystate Wealth Management LLC now owns 866 shares of the company’s stock worth $29,000 after purchasing an additional 694 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 400.0% in the third quarter. Geneos Wealth Management Inc. now owns 940 shares of the company’s stock valued at $31,000 after purchasing an additional 752 shares during the last quarter.

Invesco FTSE RAFI US 1500 Small-Mid ETF Price Performance

Shares of PRFZ stock traded up $0.22 on Thursday, reaching $39.28. 112,317 shares of the company were exchanged, compared to its average volume of 138,887. Invesco FTSE RAFI US 1500 Small-Mid ETF has a one year low of $30.29 and a one year high of $39.52. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 18.72 and a beta of 1.17. The company has a 50-day moving average of $37.52 and a 200-day moving average of $35.19.

Invesco FTSE RAFI US 1500 Small-Mid ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a $0.0861 dividend. This represents a $0.34 annualized dividend and a yield of 0.88%. The ex-dividend date was Monday, March 18th.

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.