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 the month of June. As of June 30th, there was short interest totaling 1,299,852 shares, a growth of 14,803.1% from the June 15th total of 8,722 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average trading volume of 285,638 shares, the days-to-cover ratio is presently 4.6 days.

Invesco RAFI Emerging Markets ETF Stock Performance

NYSEARCA:PXH traded up $0.33 during trading on Friday, reaching $28.50. The company’s stock had a trading volume of 206,591 shares, compared to its average volume of 320,666. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 10.43 and a beta of 0.56. The firm has a 50 day moving average of $28.66 and a 200-day moving average of $27.79. Invesco RAFI Emerging Markets ETF has a 12 month low of $23.40 and a 12 month high of $30.11.

Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in shares of Invesco RAFI Emerging Markets ETF by 88.6% in the fourth quarter. LPL Financial LLC now owns 1,894,726 shares of the company’s stock worth $48,903,000 after acquiring an additional 890,135 shares during the period. Wells Fargo & Company MN raised its stake in shares of Invesco RAFI Emerging Markets ETF by 22.5% during the 4th quarter. Wells Fargo & Company MN now owns 2,326,588 shares of the company’s stock valued at $60,049,000 after purchasing an additional 428,086 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Invesco RAFI Emerging Markets ETF by 42.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,335,500 shares of the company’s stock worth $33,948,000 after purchasing an additional 400,000 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Invesco RAFI Emerging Markets ETF by 9.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,576,427 shares of the company’s stock worth $65,478,000 after purchasing an additional 226,381 shares during the period. Finally, Jane Street Group LLC bought a new position in Invesco RAFI Emerging Markets ETF in the 1st quarter worth about $4,740,000.

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.