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

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 1,124 shares, a drop of 56.8% from the April 15th total of 2,603 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,261 shares, the short-interest ratio is currently 0.1 days.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Performance

Shares of NYSEARCA PDN traded down $0.85 during mid-day trading on Friday, hitting $46.18. 18,300 shares of the stock were exchanged, compared to its average volume of 31,362. The company has a market cap of $387.91 million, a P/E ratio of 14.57 and a beta of 0.79. The stock’s fifty day simple moving average is $44.96 and its two-hundred day simple moving average is $43.88. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a twelve month low of $36.09 and a twelve month high of $47.72.

Institutional Trading of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PDN. Kestra Advisory Services LLC acquired a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the fourth quarter valued at approximately $30,000. Root Financial Partners LLC acquired a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the third quarter valued at approximately $33,000. Painted Porch Advisors LLC acquired a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the third quarter valued at approximately $42,000. Farther Finance Advisors LLC increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 374.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,256 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 991 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 13.8% in the third quarter. Larson Financial Group LLC now owns 2,568 shares of the exchange traded fund’s stock valued at $106,000 after purchasing an additional 312 shares in the last quarter.

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

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.