Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Significant Decrease in Short Interest

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 103,394 shares, a decline of 94.5% from the August 31st total of 1,884,161 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 240,299 shares, the short-interest ratio is presently 0.4 days.

Invesco RAFI Emerging Markets ETF Stock Performance

Shares of NYSEARCA PXH traded down $0.15 during midday trading on Thursday, hitting $29.22. 352,628 shares of the stock traded hands, compared to its average volume of 282,265. The firm has a 50-day moving average of $29.26 and a two-hundred day moving average of $28.52. The firm has a market capitalization of $2.06 billion, a P/E ratio of 10.43 and a beta of 0.56. Invesco RAFI Emerging Markets ETF has a one year low of $24.35 and a one year high of $30.35.

Institutional Trading of Invesco RAFI Emerging Markets ETF

A number of hedge funds have recently bought and sold shares of the company. Cidel Asset Management Inc. grew its stake in shares of Invesco RAFI Emerging Markets ETF by 8.8% during the 1st quarter. Cidel Asset Management Inc. now owns 619,812 shares of the company’s stock valued at $16,679,000 after purchasing an additional 50,291 shares during the period. Kinetic Wealth Investment Advisors LLC bought a new position in shares of Invesco RAFI Emerging Markets ETF in the 2nd quarter worth approximately $843,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco RAFI Emerging Markets ETF by 294.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 151,335 shares of the company’s stock worth $3,906,000 after buying an additional 112,988 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Invesco RAFI Emerging Markets ETF by 155.7% in the second quarter. Citadel Advisors LLC now owns 146,110 shares of the company’s stock worth $4,074,000 after buying an additional 88,971 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Invesco RAFI Emerging Markets ETF by 6.1% during the first quarter. Bank of America Corp DE now owns 1,686,830 shares of the company’s stock valued at $45,393,000 after buying an additional 96,377 shares during the period.

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.