Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Stock Short Interest Rises 229.8%

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 3,192 shares, an increase of 229.8% from the October 15th total of 968 shares. Based on an average daily volume of 9,074 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Down 0.6%

NYSEARCA PDN traded down $0.28 during midday trading on Thursday, hitting $44.93. The company had a trading volume of 5,319 shares, compared to its average volume of 20,813. The stock has a market cap of $341.47 million, a price-to-earnings ratio of 14.25 and a beta of 0.82. The firm has a fifty day simple moving average of $45.94 and a two-hundred day simple moving average of $45.79. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a fifty-two week low of $39.65 and a fifty-two week high of $47.94.

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

Several hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 6.6% during the 3rd quarter. IFP Advisors Inc now owns 4,835 shares of the exchange traded fund’s stock worth $222,000 after purchasing an additional 300 shares in the last quarter. Cetera Investment Advisers lifted its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 15,246 shares of the exchange traded fund’s stock worth $661,000 after purchasing an additional 431 shares during the period. Integrated Wealth Concepts LLC bought a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the second quarter worth $25,000. Root Financial Partners LLC bought a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the third quarter worth $45,000. Finally, JFS Wealth Advisors LLC boosted its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 25.1% during the second quarter. JFS Wealth Advisors LLC now owns 10,165 shares of the exchange traded fund’s stock worth $457,000 after buying an additional 2,041 shares in 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.