PRFZ - Invesco RAFI US 1500 Small-Mid ETF

The Invesco RAFI US 1500 Small-Mid ETF (Fund) is based on the RAFI Fundamental Select US 1500 Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of small and medium-sized US companies.

As of May 14, 2026: spot at $50.55, ATM IV 27.2%, net GEX $2.3K.

Sector
Financial Services
Industry
Asset Management
Market Cap
$2.87B
Beta
1.24
52-Week Range
37.88-51.87
Dividend Yield
$0.44
IPO Date
Sep 20, 2006
Exchange
NASDAQ

What PRFZ Looks Like to Options Traders Today

IV rank of 13.8% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($2.3K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.038) prices calls richer than puts, often reflecting upside speculation or squeeze risk.

What This Page Covers

The PRFZ overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.

Frequently asked PRFZ overview questions

What is PRFZ?
PRFZ is the ticker symbol for Invesco RAFI US 1500 Small-Mid ETF, an listed exchange-traded fund. The Invesco RAFI US 1500 Small-Mid ETF (Fund) is based on the RAFI Fundamental Select US 1500 Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. Listed on NASDAQ. PRFZ is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
What does the PRFZ options snapshot look like today?
As of May 14, 2026, the PRFZ options snapshot shows spot at $50.55, ATM IV 27.2%, IV rank 13.8%, net GEX $2.3K, expected move 7.80%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
What are PRFZ's key statistics?
Invesco RAFI US 1500 Small-Mid ETF (PRFZ) carries a market capitalization of $2.87B, 52-week range of 37.88-51.87. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
What sector or industry does PRFZ belong to?
Invesco RAFI US 1500 Small-Mid ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare PRFZ's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
How current is the PRFZ data on this page?
The options snapshot above is dated May 14, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.