Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Short Interest Down 82.6% in May

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 115,767 shares, a drop of 82.6% from the April 30th total of 666,959 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 269,607 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF

Several institutional investors have recently bought and sold shares of PXH. Brighton Jones LLC increased its holdings in Invesco RAFI Emerging Markets ETF by 15.6% during the fourth quarter. Brighton Jones LLC now owns 11,893 shares of the company’s stock valued at $244,000 after buying an additional 1,608 shares during the period. Revolve Wealth Partners LLC purchased a new position in Invesco RAFI Emerging Markets ETF during the fourth quarter valued at approximately $358,000. Royal Bank of Canada increased its holdings in Invesco RAFI Emerging Markets ETF by 38.5% during the first quarter. Royal Bank of Canada now owns 385,081 shares of the company’s stock valued at $8,372,000 after buying an additional 107,132 shares during the period. NewEdge Advisors LLC increased its holdings in Invesco RAFI Emerging Markets ETF by 2.8% during the first quarter. NewEdge Advisors LLC now owns 50,475 shares of the company’s stock valued at $1,097,000 after buying an additional 1,371 shares during the period. Finally, Jane Street Group LLC purchased a new position in Invesco RAFI Emerging Markets ETF during the first quarter valued at approximately $4,740,000.

Invesco RAFI Emerging Markets ETF Stock Up 0.0%

PXH stock traded up $0.01 during trading on Friday, hitting $29.07. 588,697 shares of the company’s stock traded hands, compared to its average volume of 329,309. The firm has a market capitalization of $1.99 billion, a P/E ratio of 10.43 and a beta of 0.56. The business has a fifty day simple moving average of $28.06 and a two-hundred day simple moving average of $27.25. Invesco RAFI Emerging Markets ETF has a 1 year low of $22.08 and a 1 year high of $29.58.

Invesco RAFI Emerging Markets ETF Company Profile

The Invesco FTSE RAFI Emerging Markets ETF (PXH) is an exchange-traded fund that is based on the FTSE RAFI Emerging index. The fund tracks an index of emerging market companies selected and weighted based on a fundamental methodology. PXH was launched on Sep 27, 2007 and is managed by Invesco.