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

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 7,914 shares, a decline of 68.8% from the June 30th total of 25,354 shares. Based on an average daily trading volume, of 12,575 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

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

Shares of PDN traded up $0.13 during trading hours on Monday, hitting $45.19. 3,995 shares of the company were exchanged, compared to its average volume of 26,216. The company has a market cap of $350.22 million, a PE ratio of 14.57 and a beta of 0.79. The firm’s 50 day moving average is $45.65 and its 200-day moving average is $45.34. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a 52 week low of $38.48 and a 52 week high of $47.72.

Institutional Investors Weigh In On Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 26.1% in the first quarter. Royal Bank of Canada now owns 45,158 shares of the exchange traded fund’s stock valued at $1,511,000 after purchasing an additional 9,346 shares during the period. Jane Street Group LLC boosted its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 72.4% during the 1st quarter. Jane Street Group LLC now owns 31,691 shares of the exchange traded fund’s stock worth $1,061,000 after buying an additional 13,305 shares during the period. Focus Partners Wealth boosted its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.6% during the 1st quarter. Focus Partners Wealth now owns 13,177 shares of the exchange traded fund’s stock worth $441,000 after buying an additional 338 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 4.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 98,654 shares of the exchange traded fund’s stock worth $3,839,000 after buying an additional 4,476 shares during the period. Finally, Captrust Financial Advisors grew its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.0% in the 2nd quarter. Captrust Financial Advisors now owns 110,868 shares of the exchange traded fund’s stock valued at $4,315,000 after buying an additional 2,206 shares during the last quarter.

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.