Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Sees Significant Growth in Short Interest

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 15,953 shares, an increase of 791.7% from the December 15th total of 1,789 shares. Based on an average daily trading volume, of 17,642 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 17,642 shares, the days-to-cover ratio is presently 0.9 days.

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

Shares of PDN stock opened at $43.74 on Tuesday. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a fifty-two week low of $29.43 and a fifty-two week high of $43.79. The firm has a market capitalization of $369.60 million, a price-to-earnings ratio of 14.57 and a beta of 0.84. The stock’s 50-day simple moving average is $41.77 and its 200-day simple moving average is $40.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 39.1% during the third quarter. Invesco Ltd. now owns 340,886 shares of the exchange traded fund’s stock worth $14,014,000 after buying an additional 95,859 shares during the period. Susquehanna International Group LLP lifted its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 76.4% during the 3rd quarter. Susquehanna International Group LLP now owns 160,245 shares of the exchange traded fund’s stock worth $6,588,000 after acquiring an additional 69,405 shares during the period. Captrust Financial Advisors grew its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.0% during the 2nd quarter. Captrust Financial Advisors now owns 110,868 shares of the exchange traded fund’s stock valued at $4,315,000 after purchasing an additional 2,206 shares during the last quarter. Jane Street Group LLC grew its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 234.6% during the 2nd quarter. Jane Street Group LLC now owns 106,036 shares of the exchange traded fund’s stock valued at $4,127,000 after purchasing an additional 74,345 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 4.0% in the third quarter. Ameriprise Financial Inc. now owns 102,621 shares of the exchange traded fund’s stock valued at $4,219,000 after purchasing an additional 3,967 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.