Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Short Interest Update

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 67,539 shares, a drop of 71.7% from the April 30th total of 238,718 shares. Based on an average daily trading volume, of 88,533 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s shares are short sold.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 44.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,204,516 shares of the company’s stock valued at $78,950,000 after purchasing an additional 372,856 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 7.5% in the 1st quarter. Bank of America Corp DE now owns 963,927 shares of the company’s stock valued at $67,379,000 after purchasing an additional 67,149 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 444.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 794,407 shares of the company’s stock valued at $52,073,000 after purchasing an additional 648,623 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 4.7% in the 1st quarter. Sanctuary Advisors LLC now owns 579,402 shares of the company’s stock valued at $40,500,000 after purchasing an additional 26,215 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 8.6% in the 4th quarter. Wells Fargo & Company MN now owns 558,509 shares of the company’s stock valued at $36,607,000 after purchasing an additional 44,409 shares in the last quarter.

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

NYSEARCA:PXF traded up $0.28 during mid-day trading on Friday, reaching $77.86. The company’s stock had a trading volume of 51,078 shares, compared to its average volume of 132,149. The stock has a market cap of $2.91 billion, a P/E ratio of 12.91 and a beta of 0.72. Invesco RAFI Developed Markets ex-U.S. ETF has a twelve month low of $55.11 and a twelve month high of $78.24. The company’s fifty day simple moving average is $73.39 and its two-hundred day simple moving average is $70.01.

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.