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

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

Institutional Investors Weigh In On Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

Hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the 4th quarter valued at $30,000. Painted Porch Advisors LLC acquired a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the 3rd quarter valued at $42,000. Farther Finance Advisors LLC raised its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 374.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,256 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 991 shares during the last quarter. Larson Financial Group LLC raised its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 13.8% during the 3rd quarter. Larson Financial Group LLC now owns 2,568 shares of the exchange traded fund’s stock worth $106,000 after buying an additional 312 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 16.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,793 shares of the exchange traded fund’s stock worth $115,000 after buying an additional 394 shares during the last quarter.

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

Shares of PDN stock traded up $0.23 during midday trading on Thursday, hitting $44.72. The company had a trading volume of 3,364 shares, compared to its average volume of 28,463. The company’s 50 day simple moving average is $46.18 and its 200 day simple moving average is $44.91. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a 52-week low of $38.43 and a 52-week high of $47.72. The stock has a market cap of $375.65 million, a price-to-earnings ratio of 14.57 and a beta of 0.78.

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.