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 Price Performance

PXH traded down $0.70 during midday trading on Friday, hitting $28.50. 335,522 shares of the company’s stock traded hands, compared to its average volume of 340,096. The company has a market cap of $1.95 billion, a PE ratio of 10.43 and a beta of 0.56. The stock’s fifty day simple moving average is $27.70 and its 200-day simple moving average is $27.06. Invesco RAFI Emerging Markets ETF has a one year low of $22.08 and a one year high of $29.58.

Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC raised its position in Invesco RAFI Emerging Markets ETF by 8.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,168 shares of the company’s stock valued at $133,000 after acquiring an additional 401 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Invesco RAFI Emerging Markets ETF by 4.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 9,696 shares of the company’s stock valued at $250,000 after acquiring an additional 417 shares in the last quarter. NewEdge Advisors LLC raised its position in Invesco RAFI Emerging Markets ETF by 1.1% during the third quarter. NewEdge Advisors LLC now owns 50,893 shares of the company’s stock valued at $1,294,000 after acquiring an additional 558 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Invesco RAFI Emerging Markets ETF by 1.1% during the third quarter. Sequoia Financial Advisors LLC now owns 51,191 shares of the company’s stock valued at $1,301,000 after acquiring an additional 577 shares in the last quarter. Finally, Maridea Wealth Management LLC raised its position in Invesco RAFI Emerging Markets ETF by 4.8% during the fourth quarter. Maridea Wealth Management LLC now owns 14,702 shares of the company’s stock valued at $379,000 after acquiring an additional 675 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.