Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Stock Short Interest Jumps 4,153.9%

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 648,676 shares, a growth of 4,153.9% from the September 30th total of 15,249 shares. Based on an average trading volume of 226,034 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.9% of the shares of the stock are short sold.

Invesco RAFI Emerging Markets ETF Stock Performance

Shares of NYSEARCA PXH traded down $0.50 during midday trading on Monday, reaching $28.26. 755,080 shares of the company traded hands, compared to its average volume of 277,479. The firm has a market cap of $1.95 billion, a PE ratio of 10.43 and a beta of 0.56. The stock’s 50-day simple moving average is $29.47 and its 200-day simple moving average is $28.90. Invesco RAFI Emerging Markets ETF has a 12 month low of $25.08 and a 12 month high of $30.35.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

A number of hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC boosted its holdings in shares of Invesco RAFI Emerging Markets ETF by 155.7% in the 2nd quarter. Citadel Advisors LLC now owns 146,110 shares of the company’s stock worth $4,074,000 after acquiring an additional 88,971 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Invesco RAFI Emerging Markets ETF during the 2nd quarter worth approximately $1,637,000. Kinetic Wealth Investment Advisors LLC acquired a new stake in Invesco RAFI Emerging Markets ETF during the 2nd quarter valued at $843,000. Cidel Asset Management Inc. increased its holdings in Invesco RAFI Emerging Markets ETF by 6.3% during the 2nd quarter. Cidel Asset Management Inc. now owns 658,764 shares of the company’s stock valued at $18,366,000 after purchasing an additional 38,952 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Invesco RAFI Emerging Markets ETF by 6.1% in the 1st quarter. Bank of America Corp DE now owns 1,686,830 shares of the company’s stock valued at $45,393,000 after purchasing an additional 96,377 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.