Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Short Interest Down 83.0% in July

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,344 shares, a decline of 83.0% from the July 15th total of 7,914 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 9,829 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

Institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the 4th quarter worth $30,000. Farther Finance Advisors LLC grew its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 374.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,256 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 991 shares during the period. Larson Financial Group LLC grew its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 13.8% during the third quarter. Larson Financial Group LLC now owns 2,568 shares of the exchange traded fund’s stock valued at $106,000 after acquiring an additional 312 shares during the period. CIBC Private Wealth Group LLC increased its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 16.4% during the third quarter. CIBC Private Wealth Group LLC now owns 2,793 shares of the exchange traded fund’s stock worth $115,000 after acquiring an additional 394 shares during the last quarter. Finally, Truist Financial Corp acquired a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the fourth quarter worth about $200,000.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Price Performance

PDN stock traded up $0.13 during midday trading on Thursday, hitting $47.41. The stock had a trading volume of 7,636 shares, compared to its average volume of 24,712. The firm has a market cap of $367.43 million, a PE ratio of 14.57 and a beta of 0.79. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a 12-month low of $39.65 and a 12-month high of $47.72. The company’s 50-day moving average price is $45.56 and its 200 day moving average price is $45.57.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Company Profile

The Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) is an exchange-traded fund that is based on the FTSE RAFI Developed x US Mid\u002FSmall index. The fund tracks a fundamentally-weighted index of small- and mid-cap stocks from developed countries outside the US that are screened based on fundamental metrics. PDN was launched on Sep 27, 2007 and is managed by Invesco.