Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,000,037 shares, a decrease of 44.6% from the July 30th total of 1,806,604 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 148,734 shares, the days-to-cover ratio is currently 6.7 days.
Invesco RAFI Emerging Markets ETF Stock Up 0.3%
NYSEARCA:PXH traded up $0.09 during mid-day trading on Monday, reaching $29.60. 100,207 shares of the stock were exchanged, compared to its average volume of 285,343. The company has a 50 day simple moving average of $28.61 and a 200-day simple moving average of $28.30. The stock has a market capitalization of $1.98 billion, a P/E ratio of 10.43 and a beta of 0.56. Invesco RAFI Emerging Markets ETF has a 1 year low of $24.15 and a 1 year high of $30.11.
Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF
A number of hedge funds have recently modified their holdings of PXH. PNC Financial Services Group Inc. purchased a new stake in Invesco RAFI Emerging Markets ETF in the 4th quarter valued at $25,000. CBIZ Investment Advisory Services LLC acquired a new position in Invesco RAFI Emerging Markets ETF in the fourth quarter valued at $26,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Invesco RAFI Emerging Markets ETF in the fourth quarter valued at about $27,000. Western Wealth Management LLC purchased a new stake in shares of Invesco RAFI Emerging Markets ETF in the first quarter valued at about $32,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Invesco RAFI Emerging Markets ETF during the third quarter worth about $36,000.
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.
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