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

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,299,852 shares, a growth of 14,803.1% from the June 15th total of 8,722 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 285,638 shares, the short-interest ratio is currently 4.6 days.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PXH. Brighton Jones LLC grew its holdings in shares of Invesco RAFI Emerging Markets ETF by 15.6% during the 4th quarter. Brighton Jones LLC now owns 11,893 shares of the company’s stock valued at $244,000 after acquiring an additional 1,608 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Invesco RAFI Emerging Markets ETF during the fourth quarter worth $358,000. Royal Bank of Canada raised its holdings in shares of Invesco RAFI Emerging Markets ETF by 38.5% during the first quarter. Royal Bank of Canada now owns 385,081 shares of the company’s stock worth $8,372,000 after acquiring an additional 107,132 shares in the last quarter. NewEdge Advisors LLC boosted its position in Invesco RAFI Emerging Markets ETF by 2.8% during the first quarter. NewEdge Advisors LLC now owns 50,475 shares of the company’s stock valued at $1,097,000 after purchasing an additional 1,371 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Invesco RAFI Emerging Markets ETF during the first quarter valued at $4,740,000.

Invesco RAFI Emerging Markets ETF Stock Performance

Shares of NYSEARCA PXH traded up $0.33 during mid-day trading on Friday, reaching $28.50. The company had a trading volume of 206,591 shares, compared to its average volume of 320,666. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 10.43 and a beta of 0.56. The stock has a fifty day moving average of $28.66 and a two-hundred day moving average of $27.79. Invesco RAFI Emerging Markets ETF has a 12-month low of $23.40 and a 12-month high of $30.11.

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.