Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Short Interest Update

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 666,959 shares, a growth of 129.8% from the April 15th total of 290,265 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 161,590 shares, the days-to-cover ratio is presently 4.1 days.

Invesco RAFI Emerging Markets ETF Stock Performance

Shares of NYSEARCA PXH traded down $0.70 during mid-day trading on Friday, reaching $28.50. The company had a trading volume of 335,522 shares, compared to its average volume of 340,096. The stock has a fifty day moving average of $27.70 and a two-hundred day moving average of $27.06. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 10.43 and a beta of 0.56. Invesco RAFI Emerging Markets ETF has a 12-month low of $22.08 and a 12-month high of $29.58.

Institutional Trading of Invesco RAFI Emerging Markets ETF

A number of hedge funds have recently made changes to their positions in the stock. Quantinno Capital Management LP lifted its position in shares of Invesco RAFI Emerging Markets ETF by 8.1% in the first quarter. Quantinno Capital Management LP now owns 30,961 shares of the company’s stock worth $833,000 after purchasing an additional 2,309 shares in the last quarter. Lido Advisors LLC lifted its position in shares of Invesco RAFI Emerging Markets ETF by 26.3% in the first quarter. Lido Advisors LLC now owns 14,461 shares of the company’s stock worth $389,000 after purchasing an additional 3,009 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco RAFI Emerging Markets ETF by 30.0% in the first quarter. Cetera Investment Advisers now owns 336,805 shares of the company’s stock worth $9,063,000 after purchasing an additional 77,633 shares in the last quarter. Wealthfront Advisers LLC lifted its position in shares of Invesco RAFI Emerging Markets ETF by 81.5% in the first quarter. Wealthfront Advisers LLC now owns 53,078 shares of the company’s stock worth $1,428,000 after purchasing an additional 23,841 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Invesco RAFI Emerging Markets ETF by 15.5% in the first quarter. Bank of New York Mellon Corp now owns 948,008 shares of the company’s stock worth $25,511,000 after purchasing an additional 127,177 shares in the last quarter.

About Invesco RAFI Emerging Markets ETF

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.