Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Significant Drop in Short Interest

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 103,394 shares, a drop of 94.5% from the August 31st total of 1,884,161 shares. Based on an average daily volume of 240,299 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Invesco RAFI Emerging Markets ETF Stock Down 0.5%

Shares of Invesco RAFI Emerging Markets ETF stock traded down $0.15 on Thursday, reaching $29.22. The company’s stock had a trading volume of 352,628 shares, compared to its average volume of 282,265. Invesco RAFI Emerging Markets ETF has a 52 week low of $24.35 and a 52 week high of $30.35. The firm’s fifty day simple moving average is $29.26 and its two-hundred day simple moving average is $28.52. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 10.43 and a beta of 0.56.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

Several large investors have recently bought and sold shares of PXH. Envestnet Asset Management Inc. raised its position in Invesco RAFI Emerging Markets ETF by 103.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 906,330 shares of the company’s stock worth $25,268,000 after buying an additional 460,234 shares during the last quarter. Cidel Asset Management Inc. grew its stake in shares of Invesco RAFI Emerging Markets ETF by 6.3% in the second quarter. Cidel Asset Management Inc. now owns 658,764 shares of the company’s stock worth $18,366,000 after acquiring an additional 38,952 shares during the period. NewEdge Advisors LLC grew its stake in shares of Invesco RAFI Emerging Markets ETF by 49.4% in the second quarter. NewEdge Advisors LLC now owns 81,258 shares of the company’s stock worth $2,226,000 after acquiring an additional 26,870 shares during the period. IFP Advisors Inc raised its holdings in shares of Invesco RAFI Emerging Markets ETF by 18.9% during the second quarter. IFP Advisors Inc now owns 22,759 shares of the company’s stock valued at $621,000 after purchasing an additional 3,623 shares during the last quarter. Finally, Kinetic Wealth Investment Advisors LLC purchased a new position in shares of Invesco RAFI Emerging Markets ETF during the second quarter valued at approximately $843,000.

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.