Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Short Interest Down 44.6% in August

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 1,000,037 shares, a decline of 44.6% from the July 30th total of 1,806,604 shares. Based on an average trading volume of 148,734 shares, the short-interest ratio is currently 6.7 days. Approximately 1.5% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. purchased a new position in shares of Invesco RAFI Emerging Markets ETF during the fourth quarter worth about $25,000. CBIZ Investment Advisory Services LLC purchased a new stake in shares of Invesco RAFI Emerging Markets ETF in the 4th quarter valued at about $26,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Invesco RAFI Emerging Markets ETF in the 4th quarter valued at about $27,000. Western Wealth Management LLC purchased a new stake in shares of Invesco RAFI Emerging Markets ETF in the 1st quarter valued at about $32,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Invesco RAFI Emerging Markets ETF in the 3rd quarter valued at about $36,000.

Invesco RAFI Emerging Markets ETF Price Performance

Shares of Invesco RAFI Emerging Markets ETF stock traded down $0.03 during trading on Friday, hitting $29.51. 125,712 shares of the stock were exchanged, compared to its average volume of 286,465. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 10.43 and a beta of 0.56. The firm’s 50-day moving average price is $28.59 and its 200 day moving average price is $28.29. Invesco RAFI Emerging Markets ETF has a 12-month low of $24.15 and a 12-month high of $30.11.

Invesco RAFI Emerging Markets ETF Company Profile

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.