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

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,344 shares, a decline of 83.0% from the July 15th total of 7,914 shares. Based on an average trading volume of 9,829 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

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

Hedge funds have recently added to or reduced their stakes in the company. Robinswood Financial LLC purchased a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the 1st quarter valued at about $3,656,000. Cetera Investment Advisers increased its holdings in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 15,246 shares of the exchange traded fund’s stock valued at $661,000 after buying an additional 431 shares during the last quarter. Truist Financial Corp purchased a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the fourth quarter valued at approximately $200,000. Farther Finance Advisors LLC raised its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 374.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,256 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 991 shares during the period. Finally, Smith Moore & CO. raised its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.1% in the fourth quarter. Smith Moore & CO. now owns 21,934 shares of the exchange traded fund’s stock worth $925,000 after acquiring an additional 460 shares during the period.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Up 0.4%

Shares of NYSEARCA PDN traded up $0.18 on Friday, reaching $47.59. 2,742 shares of the company’s stock traded hands, compared to its average volume of 24,570. The business’s 50 day simple moving average is $45.58 and its two-hundred day simple moving average is $45.59. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a 12 month low of $39.65 and a 12 month high of $47.72. The company has a market cap of $368.82 million, a price-to-earnings ratio of 14.57 and a beta of 0.79.

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.