Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Sees Large Drop in Short Interest

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,124 shares, a decline of 56.8% from the April 15th total of 2,603 shares. Based on an average daily trading volume, of 15,261 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the 4th quarter valued at $30,000. Root Financial Partners LLC acquired a new position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the 3rd quarter valued at $33,000. Painted Porch Advisors LLC acquired a new position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the 3rd quarter valued at $42,000. Farther Finance Advisors LLC grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 374.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,256 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 991 shares during the period. Finally, Larson Financial Group LLC grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 13.8% in the 3rd quarter. Larson Financial Group LLC now owns 2,568 shares of the exchange traded fund’s stock valued at $106,000 after buying an additional 312 shares during the period.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Trading Down 1.8%

Shares of PDN stock traded down $0.85 on Friday, hitting $46.18. The stock had a trading volume of 18,300 shares, compared to its average volume of 31,362. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a twelve month low of $36.09 and a twelve month high of $47.72. The firm has a market cap of $387.91 million, a P/E ratio of 14.57 and a beta of 0.79. The company has a fifty day moving average price of $44.96 and a two-hundred day moving average price of $43.88.

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.