Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Short Interest Up 129.8% in April

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 666,959 shares, an increase of 129.8% from the April 15th total of 290,265 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 161,590 shares, the short-interest ratio is presently 4.1 days.

Invesco RAFI Emerging Markets ETF Stock Down 2.4%

PXH stock traded down $0.70 during mid-day trading on Friday, reaching $28.50. 335,522 shares of the stock traded hands, compared to its average volume of 340,096. The business has a 50-day moving average of $27.70 and a two-hundred day moving average of $27.06. The firm has a market capitalization of $1.95 billion, a PE ratio of 10.43 and a beta of 0.56. Invesco RAFI Emerging Markets ETF has a 52 week low of $22.08 and a 52 week high of $29.58.

Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF

Large investors have recently bought and sold shares of the stock. LPL Financial LLC grew its position in Invesco RAFI Emerging Markets ETF by 88.6% during the fourth quarter. LPL Financial LLC now owns 1,894,726 shares of the company’s stock worth $48,903,000 after buying an additional 890,135 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Invesco RAFI Emerging Markets ETF by 22.5% during the 4th quarter. Wells Fargo & Company MN now owns 2,326,588 shares of the company’s stock worth $60,049,000 after purchasing an additional 428,086 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Invesco RAFI Emerging Markets ETF by 42.8% during the third quarter. Daiwa Securities Group Inc. now owns 1,335,500 shares of the company’s stock valued at $33,948,000 after purchasing an additional 400,000 shares during the period. Ameriprise Financial Inc. increased its position in shares of Invesco RAFI Emerging Markets ETF by 9.6% during the third quarter. Ameriprise Financial Inc. now owns 2,576,427 shares of the company’s stock valued at $65,478,000 after purchasing an additional 226,381 shares during the period. Finally, Jane Street Group LLC bought a new position in Invesco RAFI Emerging Markets ETF in the first quarter worth $4,740,000.

Invesco RAFI Emerging Markets ETF Company Profile

The Invesco FTSE RAFI Emerging Markets ETF (PXH) is an exchange-traded fund that is based on the FTSE RAFI Emerging index. The fund tracks an index of emerging market companies selected and weighted based on a fundamental methodology. PXH was launched on Sep 27, 2007 and is managed by Invesco.