Short Interest in Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Increases By 224.8%

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 376,026 shares, an increase of 224.8% from the May 14th total of 115,767 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 217,889 shares, the days-to-cover ratio is presently 1.7 days.

Invesco RAFI Emerging Markets ETF Trading Up 0.7%

PXH stock traded up $0.19 during trading on Friday, hitting $28.99. 122,052 shares of the company’s stock were exchanged, compared to its average volume of 321,542. The business has a 50-day moving average price of $28.57 and a two-hundred day moving average price of $27.46. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 10.43 and a beta of 0.55. Invesco RAFI Emerging Markets ETF has a 52-week low of $22.62 and a 52-week high of $30.11.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PXH. NewEdge Advisors LLC increased its holdings in shares of Invesco RAFI Emerging Markets ETF by 5.2% in the first quarter. NewEdge Advisors LLC now owns 54,388 shares of the company’s stock valued at $1,464,000 after purchasing an additional 2,678 shares during the period. Western Wealth Management LLC acquired a new position in shares of Invesco RAFI Emerging Markets ETF in the first quarter valued at approximately $32,000. Bank of America Corp DE increased its holdings in shares of Invesco RAFI Emerging Markets ETF by 6.1% in the first quarter. Bank of America Corp DE now owns 1,686,830 shares of the company’s stock valued at $45,393,000 after purchasing an additional 96,377 shares during the period. Rivernorth Capital Management LLC raised its position in Invesco RAFI Emerging Markets ETF by 5.4% in the first quarter. Rivernorth Capital Management LLC now owns 58,576 shares of the company’s stock worth $1,576,000 after acquiring an additional 2,976 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in Invesco RAFI Emerging Markets ETF by 8.1% in the first quarter. Quantinno Capital Management LP now owns 30,961 shares of the company’s stock worth $833,000 after acquiring an additional 2,309 shares in the last quarter.

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.