Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Sees Significant Decline in Short Interest

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 7,914 shares, a decline of 68.8% from the June 30th total of 25,354 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 12,575 shares, the short-interest ratio is presently 0.6 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of PDN. Royal Bank of Canada lifted its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 26.1% in the 1st quarter. Royal Bank of Canada now owns 45,158 shares of the exchange traded fund’s stock valued at $1,511,000 after purchasing an additional 9,346 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 72.4% in the first quarter. Jane Street Group LLC now owns 31,691 shares of the exchange traded fund’s stock valued at $1,061,000 after acquiring an additional 13,305 shares during the period. Focus Partners Wealth grew its position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.6% during the first quarter. Focus Partners Wealth now owns 13,177 shares of the exchange traded fund’s stock worth $441,000 after acquiring an additional 338 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 98,654 shares of the exchange traded fund’s stock valued at $3,839,000 after acquiring an additional 4,476 shares during the period. Finally, Captrust Financial Advisors increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.0% in the 2nd quarter. Captrust Financial Advisors now owns 110,868 shares of the exchange traded fund’s stock valued at $4,315,000 after acquiring an additional 2,206 shares during the period.

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

Shares of NYSEARCA PDN traded up $0.01 during mid-day trading on Tuesday, hitting $45.20. The company had a trading volume of 3,330 shares, compared to its average volume of 26,053. The company has a market capitalization of $350.30 million, a PE ratio of 14.57 and a beta of 0.79. The business’s 50-day simple moving average is $45.63 and its 200 day simple moving average is $45.35. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a 1-year low of $38.48 and a 1-year high of $47.72.

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

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.