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

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 232,200 shares, a growth of 1,594.9% from the December 31st total of 13,700 shares. Based on an average daily volume of 101,800 shares, the days-to-cover ratio is presently 2.3 days.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Up 0.1 %

NASDAQ:PRFZ traded up $0.04 during midday trading on Tuesday, reaching $42.81. The stock had a trading volume of 81,172 shares, compared to its average volume of 145,940. Invesco FTSE RAFI US 1500 Small-Mid ETF has a 12-month low of $35.71 and a 12-month high of $45.80. The stock has a market cap of $2.62 billion, a P/E ratio of 2.78 and a beta of 1.17. The firm has a fifty day simple moving average of $43.12 and a two-hundred day simple moving average of $41.78.

Invesco FTSE RAFI US 1500 Small-Mid ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.2305 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PRFZ. Private Advisor Group LLC boosted its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 1.0% during the third quarter. Private Advisor Group LLC now owns 42,639 shares of the company’s stock worth $1,772,000 after purchasing an additional 438 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the third quarter worth approximately $68,000. Creative Planning grew its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 18.4% during the 3rd quarter. Creative Planning now owns 114,377 shares of the company’s stock valued at $4,752,000 after buying an additional 17,756 shares during the period. EP Wealth Advisors LLC acquired a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF during the second quarter worth about $152,000. Finally, JPMorgan Chase & Co. lifted its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 23.1% during the third quarter. JPMorgan Chase & Co. now owns 54,919 shares of the company’s stock valued at $2,282,000 after buying an additional 10,302 shares in the last quarter.

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.