Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Short Interest Down 46.5% in August

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,027 shares, a decrease of 46.5% from the August 15th total of 1,919 shares. Based on an average daily volume of 8,071 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Price Performance

Shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF stock traded down $0.19 during trading on Tuesday, hitting $46.65. 5,815 shares of the stock were exchanged, compared to its average volume of 22,582. The firm’s 50-day moving average price is $46.43 and its 200 day moving average price is $45.78. The stock has a market cap of $361.54 million, a price-to-earnings ratio of 14.57 and a beta of 0.79. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a 12-month low of $39.65 and a 12-month high of $47.94.

Hedge Funds Weigh In On Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Robinswood Financial LLC acquired a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the first quarter valued at $3,656,000. Truist Financial Corp purchased a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the 4th quarter worth approximately $200,000. JFS Wealth Advisors LLC grew its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 25.1% during the 2nd 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 during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the second quarter worth approximately $25,000. Finally, Cetera Investment Advisers increased its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 15,246 shares of the exchange traded fund’s stock worth $661,000 after buying an additional 431 shares during the period.

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.