Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Stock Short Interest Rises 229.8%

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 3,192 shares, an increase of 229.8% from the October 15th total of 968 shares. Based on an average trading volume of 9,074 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the 3rd quarter valued at $8,476,000. Asset Dedication LLC bought a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the third quarter worth $616,000. Droms Strauss Advisors Inc. MO ADV bought a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the third quarter worth $4,590,000. Commonwealth Equity Services LLC bought a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the third quarter worth $779,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the third quarter valued at approximately $45,000.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Down 0.6%

PDN traded down $0.28 during midday trading on Thursday, reaching $44.93. 5,319 shares of the company’s stock were exchanged, compared to its average volume of 20,813. The firm has a market capitalization of $341.47 million, a price-to-earnings ratio of 14.25 and a beta of 0.82. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a one year low of $39.65 and a one year high of $47.94. The business has a 50-day simple moving average of $45.94 and a two-hundred day simple moving average of $45.79.

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.