Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Short Interest Down 82.6% in May

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 115,767 shares, a decline of 82.6% from the April 30th total of 666,959 shares. Based on an average daily trading volume, of 269,607 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

A number of institutional investors have recently modified their holdings of the company. Western Wealth Management LLC acquired a new stake in shares of Invesco RAFI Emerging Markets ETF in the first quarter valued at $32,000. Bank of America Corp DE grew its stake in Invesco RAFI Emerging Markets ETF by 6.1% during the 1st quarter. Bank of America Corp DE now owns 1,686,830 shares of the company’s stock worth $45,393,000 after purchasing an additional 96,377 shares in the last quarter. Rivernorth Capital Management LLC grew its stake in Invesco RAFI Emerging Markets ETF by 5.4% during the 1st quarter. Rivernorth Capital Management LLC now owns 58,576 shares of the company’s stock worth $1,576,000 after purchasing an additional 2,976 shares in the last quarter. Quantinno Capital Management LP grew its stake in Invesco RAFI Emerging Markets ETF by 8.1% during the 1st quarter. Quantinno Capital Management LP now owns 30,961 shares of the company’s stock worth $833,000 after purchasing an additional 2,309 shares in the last quarter. Finally, Lido Advisors LLC grew its stake in Invesco RAFI Emerging Markets ETF by 26.3% during the 1st quarter. Lido Advisors LLC now owns 14,461 shares of the company’s stock worth $389,000 after purchasing an additional 3,009 shares in the last quarter.

Invesco RAFI Emerging Markets ETF Stock Performance

Shares of NYSEARCA PXH traded up $0.01 during trading on Friday, reaching $29.07. The stock had a trading volume of 588,697 shares, compared to its average volume of 329,309. Invesco RAFI Emerging Markets ETF has a fifty-two week low of $22.08 and a fifty-two week high of $29.58. The business’s 50-day moving average price is $28.06 and its 200-day moving average price is $27.25. The company has a market cap of $1.99 billion, a P/E ratio of 10.43 and a beta of 0.56.

About Invesco RAFI Emerging Markets ETF

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.