Invesco FTSE RAFI US 1500 Small-Mid ETF Price & Performance (PRFZ)

JPMorgan Chase has expanded its stake in the Invesco RAFI US 1500 Small-Mid ETF, with the fund's stock opening today at $35.42. The ETF, tracking a fundamentally weighted index of 1,500 US small- and mid-cap firms, now holds a market cap of $2.27 billion.12

The Invesco RAFI US 1500 Small-Mid ETF recently transitioned to a new underlying index, the RAFI Fundamental Select US 1500. Year-to-date, the fund's NAV has dropped 9.06%. Sector allocations remain led by financials and industrials, with small-cap value representing the largest style allocation.23

Short interest in the Invesco RAFI US 1500 Small-Mid ETF surged 46.7% in March, while several institutional investors increased their positions. The ETF currently trades near its annual low, reflecting broader small-cap market pressures, even as it cut its quarterly dividend in March.45