Short Interest in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Drops By 46.5%

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,027 shares, a decline of 46.5% from the August 15th total of 1,919 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 8,071 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the 2nd quarter valued at about $25,000. Truist Financial Corp acquired a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the 4th quarter worth approximately $200,000. JFS Wealth Advisors LLC lifted its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 25.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 10,165 shares of the exchange traded fund’s stock worth $457,000 after acquiring an additional 2,041 shares during the period. Cetera Investment Advisers grew its stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 15,246 shares of the exchange traded fund’s stock valued at $661,000 after purchasing an additional 431 shares during the last quarter. Finally, Robinswood Financial LLC purchased a new position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the 1st quarter valued at approximately $3,656,000.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Trading Down 0.4%

PDN stock traded down $0.19 on Tuesday, hitting $46.65. The company’s stock had a trading volume of 5,815 shares, compared to its average volume of 22,582. The stock has a market cap of $361.54 million, a price-to-earnings ratio of 14.57 and a beta of 0.79. The firm has a 50 day moving average of $46.43 and a two-hundred day moving average of $45.78. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a 1 year low of $39.65 and a 1 year high of $47.94.

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

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.