Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Shares Shorted: Short Interest Down 85.3% in September

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 15,249 shares, a drop of 85.3% from the September 15th total of 103,394 shares. Based on an average daily volume of 258,567 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Invesco RAFI Emerging Markets ETF Stock Performance

PXH stock traded up $0.05 during mid-day trading on Monday, hitting $29.66. The company had a trading volume of 78,876 shares, compared to its average volume of 279,553. The stock’s fifty day moving average price is $29.44 and its two-hundred day moving average price is $28.71. Invesco RAFI Emerging Markets ETF has a 12 month low of $24.81 and a 12 month high of $30.35. The firm has a market cap of $2.08 billion, a PE ratio of 10.43 and a beta of 0.56.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC bought a new stake in shares of Invesco RAFI Emerging Markets ETF in the 1st quarter worth approximately $32,000. Versant Capital Management Inc purchased a new position in Invesco RAFI Emerging Markets ETF in the third quarter worth about $40,000. Fifth Third Bancorp grew its holdings in shares of Invesco RAFI Emerging Markets ETF by 400.4% during the first quarter. Fifth Third Bancorp now owns 4,799 shares of the company’s stock valued at $129,000 after buying an additional 3,840 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Invesco RAFI Emerging Markets ETF by 149.6% during the third quarter. Farther Finance Advisors LLC now owns 5,011 shares of the company’s stock valued at $146,000 after acquiring an additional 3,003 shares in the last quarter. Finally, Key Financial Inc raised its holdings in Invesco RAFI Emerging Markets ETF by 370.1% in the 1st quarter. Key Financial Inc now owns 7,240 shares of the company’s stock worth $195,000 after acquiring an additional 5,700 shares during the last quarter.

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.