Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Large Growth in Short Interest

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 578,037 shares, an increase of 81.3% from the September 30th total of 318,838 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average trading volume of 131,135 shares, the short-interest ratio is presently 4.4 days.

Invesco RAFI Developed Markets ex-U.S. ETF Stock Performance

PXF stock traded down $0.69 during trading on Friday, reaching $76.20. 69,059 shares of the company were exchanged, compared to its average volume of 123,300. The company has a market cap of $3.01 billion, a P/E ratio of 12.91 and a beta of 0.75. The stock’s 50 day moving average price is $77.65 and its 200 day moving average price is $75.02. Invesco RAFI Developed Markets ex-U.S. ETF has a 52-week low of $60.93 and a 52-week high of $80.65.

Institutional Investors Weigh In On Invesco RAFI Developed Markets ex-U.S. ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PXF. Basso Capital Management L.P. bought a new position in Invesco RAFI Developed Markets ex-U.S. ETF in the third quarter worth about $2,353,000. Vise Technologies Inc. increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 11.2% during the third quarter. Vise Technologies Inc. now owns 24,494 shares of the company’s stock valued at $1,867,000 after purchasing an additional 2,473 shares during the period. Cidel Asset Management Inc. increased its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 2.4% during the 3rd quarter. Cidel Asset Management Inc. now owns 32,132 shares of the company’s stock valued at $2,449,000 after buying an additional 766 shares during the period. Modera Wealth Management LLC bought a new stake in Invesco RAFI Developed Markets ex-U.S. ETF during the third quarter worth approximately $358,000. Finally, Ashton Thomas Securities LLC bought a new position in Invesco RAFI Developed Markets ex-U.S. ETF during the third quarter valued at about $47,000.

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

The Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) is an exchange-traded fund that is based on the FTSE RAFI Developed x US 1000 index. The fund tracks an index of 1,000 of the biggest companies in developed markets outside the US that are selected and weighted based on fundamental measures. PXF was launched on Jun 25, 2007 and is managed by Invesco.