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

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 15,953 shares, a growth of 791.7% from the December 15th total of 1,789 shares. Based on an average daily volume of 17,642 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 17,642 shares, the short-interest ratio is currently 0.9 days.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Up 0.6%

PDN stock traded up $0.26 during trading on Monday, hitting $43.74. The company had a trading volume of 9,981 shares, compared to its average volume of 13,883. The firm has a 50-day moving average price of $41.77 and a 200-day moving average price of $40.85. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a 12 month low of $29.43 and a 12 month high of $43.79. The stock has a market cap of $369.60 million, a price-to-earnings ratio of 14.57 and a beta of 0.84.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC acquired a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the second quarter worth $27,000. Root Financial Partners LLC bought a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the 3rd quarter valued at $33,000. Painted Porch Advisors LLC acquired a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the 3rd quarter worth $42,000. Bell Investment Advisors Inc raised its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 69.8% during the 2nd quarter. Bell Investment Advisors Inc now owns 2,323 shares of the exchange traded fund’s stock worth $90,000 after buying an additional 955 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 13.8% during the third quarter. Larson Financial Group LLC now owns 2,568 shares of the exchange traded fund’s stock worth $106,000 after acquiring an additional 312 shares in the last quarter.

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

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.