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

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 24,068 shares, a drop of 83.8% from the December 15th total of 148,413 shares. Based on an average daily volume of 61,212 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 61,212 shares, the days-to-cover ratio is presently 0.4 days.

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

Several institutional investors and hedge funds have recently modified their holdings of PXF. Bell Investment Advisors Inc boosted its position in Invesco RAFI Developed Markets ex-U.S. ETF by 113.9% during the second quarter. Bell Investment Advisors Inc now owns 492 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the 2nd quarter worth $44,000. Palisade Asset Management LLC acquired a new position in Invesco RAFI Developed Markets ex-U.S. ETF in the 3rd quarter valued at about $47,000. Harbour Investments Inc. grew its position in Invesco RAFI Developed Markets ex-U.S. ETF by 103.9% in the second quarter. Harbour Investments Inc. now owns 883 shares of the company’s stock worth $51,000 after acquiring an additional 450 shares during the period. Finally, Triumph Capital Management purchased a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the 3rd quarter worth $59,000.

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

PXF stock traded up $0.40 on Monday, hitting $67.77. 83,872 shares of the company’s stock were exchanged, compared to its average volume of 81,982. The firm has a 50 day moving average price of $64.44 and a two-hundred day moving average price of $61.60. Invesco RAFI Developed Markets ex-U.S. ETF has a 12-month low of $45.78 and a 12-month high of $67.79. The stock has a market cap of $2.37 billion, a P/E ratio of 12.91 and a beta of 0.82.

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.