Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Short Interest Update

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,299,852 shares, an increase of 14,803.1% from the June 15th total of 8,722 shares. Based on an average daily trading volume, of 285,638 shares, the days-to-cover ratio is currently 4.6 days. Currently, 1.9% of the company’s stock are short sold.

Invesco RAFI Emerging Markets ETF Stock Performance

Invesco RAFI Emerging Markets ETF stock traded up $0.33 during mid-day trading on Friday, reaching $28.50. The stock had a trading volume of 206,591 shares, compared to its average volume of 320,666. Invesco RAFI Emerging Markets ETF has a fifty-two week low of $23.40 and a fifty-two week high of $30.11. The stock’s 50-day simple moving average is $28.66 and its 200-day simple moving average is $27.79. The firm has a market capitalization of $1.91 billion, a PE ratio of 10.43 and a beta of 0.56.

Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF

A number of large investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. raised its holdings in Invesco RAFI Emerging Markets ETF by 4.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,051,133 shares of the company’s stock worth $78,750,000 after buying an additional 125,135 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Invesco RAFI Emerging Markets ETF by 9.6% during the third quarter. Ameriprise Financial Inc. now owns 2,576,427 shares of the company’s stock valued at $65,478,000 after buying an additional 226,381 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Invesco RAFI Emerging Markets ETF by 22.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,326,588 shares of the company’s stock valued at $60,049,000 after buying an additional 428,086 shares during the last quarter. LPL Financial LLC increased its position in shares of Invesco RAFI Emerging Markets ETF by 88.6% during the fourth quarter. LPL Financial LLC now owns 1,894,726 shares of the company’s stock worth $48,903,000 after acquiring an additional 890,135 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Invesco RAFI Emerging Markets ETF by 6.1% during the first quarter. Bank of America Corp DE now owns 1,686,830 shares of the company’s stock worth $45,393,000 after acquiring an additional 96,377 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.