Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Short Interest Up 1,936.7% in June

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 24,461 shares, an increase of 1,936.7% from the May 31st total of 1,201 shares. Based on an average daily volume of 29,430 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are sold short.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Down 0.1%

Shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF stock traded down $0.05 on Friday, reaching $44.67. The stock had a trading volume of 31,723 shares, compared to its average volume of 28,489. The company has a 50 day moving average price of $46.15 and a 200 day moving average price of $44.91. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a 1 year low of $38.48 and a 1 year high of $47.72. The stock has a market capitalization of $375.23 million, a P/E ratio of 14.57 and a beta of 0.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PDN. IFP Advisors Inc lifted its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 6.9% during the third quarter. IFP Advisors Inc now owns 4,237 shares of the exchange traded fund’s stock worth $174,000 after purchasing an additional 274 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 3.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 8,110 shares of the exchange traded fund’s stock valued at $333,000 after purchasing an additional 275 shares during the period. Creative Planning grew its holdings in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 1.1% during the third quarter. Creative Planning now owns 28,041 shares of the exchange traded fund’s stock worth $1,153,000 after acquiring an additional 294 shares during the period. Larson Financial Group LLC boosted its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 13.8% in the 3rd quarter. Larson Financial Group LLC now owns 2,568 shares of the exchange traded fund’s stock worth $106,000 after purchasing an additional 312 shares in the last quarter. Finally, Focus Partners Wealth raised its position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.6% in the first quarter. Focus Partners Wealth now owns 13,177 shares of the exchange traded fund’s stock worth $441,000 after acquiring an additional 338 shares during the period.

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.