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) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,344 shares, a decline of 83.0% from the July 15th total of 7,914 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 9,829 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. raised its stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 6.8% during the 4th quarter. Invesco Ltd. now owns 364,163 shares of the exchange traded fund’s stock valued at $15,363,000 after purchasing an additional 23,277 shares during the period. Susquehanna International Group LLP raised its position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 76.4% in the third quarter. Susquehanna International Group LLP now owns 160,245 shares of the exchange traded fund’s stock worth $6,588,000 after buying an additional 69,405 shares in the last quarter. Captrust Financial Advisors increased its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.0% in the 2nd quarter. Captrust Financial Advisors now owns 110,868 shares of the exchange traded fund’s stock worth $4,315,000 after acquiring an additional 2,206 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 234.6% during the second quarter. Jane Street Group LLC now owns 106,036 shares of the exchange traded fund’s stock worth $4,127,000 after purchasing an additional 74,345 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 4.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 102,621 shares of the exchange traded fund’s stock worth $4,219,000 after buying an additional 3,967 shares in the last quarter.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Trading Up 0.7%

Shares of NYSEARCA:PDN traded up $0.34 during mid-day trading on Wednesday, reaching $47.41. The company had a trading volume of 1,287 shares, compared to its average volume of 24,810. The company’s 50-day moving average price is $45.54 and its 200-day moving average price is $45.55. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a one year low of $39.65 and a one year high of $47.72. The firm has a market cap of $367.43 million, a price-to-earnings ratio of 14.57 and a beta of 0.79.

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.