Short Interest in Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Drops By 44.6%

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXHGet Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,000,037 shares, a decrease of 44.6% from the July 30th total of 1,806,604 shares. Based on an average daily volume of 148,734 shares, the days-to-cover ratio is presently 6.7 days. Currently, 1.5% of the company’s stock are short sold.

Invesco RAFI Emerging Markets ETF Price Performance

PXH traded up $0.22 during trading on Tuesday, reaching $29.82. The company had a trading volume of 164,307 shares, compared to its average volume of 284,615. The company has a market cap of $2.00 billion, a P/E ratio of 10.43 and a beta of 0.56. Invesco RAFI Emerging Markets ETF has a 12 month low of $24.15 and a 12 month high of $30.11. The business’s fifty day moving average price is $28.61 and its 200 day moving average price is $28.30.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

Several institutional investors have recently added to or reduced their stakes in PXH. PNC Financial Services Group Inc. bought a new position in Invesco RAFI Emerging Markets ETF during the 4th quarter worth about $25,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of Invesco RAFI Emerging Markets ETF in the fourth quarter valued at about $26,000. Brown Brothers Harriman & Co. acquired a new position in shares of Invesco RAFI Emerging Markets ETF during the fourth quarter worth about $27,000. Western Wealth Management LLC acquired a new position in shares of Invesco RAFI Emerging Markets ETF during the first quarter worth about $32,000. Finally, Advisory Services Network LLC acquired a new position in shares of Invesco RAFI Emerging Markets ETF during the third quarter worth about $36,000.

Invesco RAFI Emerging Markets ETF Company Profile

(Get Free Report)

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.

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