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

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 86 shares, a decline of 99.5% from the December 31st total of 15,953 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 26,264 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 26,264 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Down 0.9%

Shares of PDN traded down $0.42 during mid-day trading on Wednesday, hitting $45.32. 17,098 shares of the company’s stock were exchanged, compared to its average volume of 25,713. The stock’s 50-day simple moving average is $42.50 and its 200-day simple moving average is $41.26. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a 52 week low of $29.43 and a 52 week high of $45.78. The firm has a market cap of $382.91 million, a price-to-earnings ratio of 14.57 and a beta of 0.84.

Institutional Trading of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

A number of hedge funds have recently made changes to their positions in PDN. Farther Finance Advisors LLC increased its stake in shares of 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 valued at $53,000 after buying an additional 991 shares during the period. Smith Moore & CO. increased its holdings in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.1% during the 4th quarter. Smith Moore & CO. now owns 21,934 shares of the exchange traded fund’s stock worth $925,000 after purchasing an additional 460 shares in the last quarter. Elm3 Financial Group LLC boosted its holdings in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 16.0% during the 4th quarter. Elm3 Financial Group LLC now owns 8,214 shares of the exchange traded fund’s stock worth $347,000 after acquiring an additional 1,130 shares during the last quarter. Painted Porch Advisors LLC purchased a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the third quarter valued at approximately $42,000. Finally, IFP Advisors Inc increased its holdings in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 6.9% during the third quarter. IFP Advisors Inc now owns 4,237 shares of the exchange traded fund’s stock worth $174,000 after buying an additional 274 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.