Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Short Interest Up 129.8% in April

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 666,959 shares, a growth of 129.8% from the April 15th total of 290,265 shares. Based on an average trading volume of 161,590 shares, the days-to-cover ratio is presently 4.1 days. Currently, 1.0% of the company’s stock are sold short.

Invesco RAFI Emerging Markets ETF Stock Performance

Shares of NYSEARCA PXH traded down $0.70 during mid-day trading on Friday, reaching $28.50. The company had a trading volume of 335,522 shares, compared to its average volume of 340,096. Invesco RAFI Emerging Markets ETF has a twelve month low of $22.08 and a twelve month high of $29.58. The stock has a market capitalization of $1.95 billion, a PE ratio of 10.43 and a beta of 0.56. The stock’s 50 day moving average is $27.70 and its 200-day moving average is $27.06.

Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF

Several hedge funds have recently bought and sold shares of the business. Itau Unibanco Holding S.A. increased its position in Invesco RAFI Emerging Markets ETF by 4.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,051,133 shares of the company’s stock worth $78,750,000 after buying an additional 125,135 shares during the last quarter. Ameriprise Financial Inc. increased its position in Invesco RAFI Emerging Markets ETF by 9.6% during the third quarter. Ameriprise Financial Inc. now owns 2,576,427 shares of the company’s stock worth $65,478,000 after buying an additional 226,381 shares during the last quarter. Wells Fargo & Company MN increased its position in Invesco RAFI Emerging Markets ETF by 22.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,326,588 shares of the company’s stock worth $60,049,000 after buying an additional 428,086 shares during the last quarter. LPL Financial LLC increased its position in Invesco RAFI Emerging Markets ETF by 88.6% during the fourth quarter. LPL Financial LLC now owns 1,894,726 shares of the company’s stock worth $48,903,000 after buying an additional 890,135 shares during the last quarter. Finally, Invesco Ltd. increased its position in Invesco RAFI Emerging Markets ETF by 16.1% during the fourth quarter. Invesco Ltd. now owns 1,517,191 shares of the company’s stock worth $39,159,000 after buying an additional 210,066 shares during the last quarter.

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.