Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Short Interest Down 83.0% in July

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,344 shares, a drop of 83.0% from the July 15th total of 7,914 shares. Based on an average trading volume of 9,829 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

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

Shares of PDN traded up $0.34 during trading hours on Wednesday, hitting $47.41. The stock had a trading volume of 1,287 shares, compared to its average volume of 24,810. The firm has a 50 day simple moving average of $45.54 and a 200-day simple moving average of $45.55. The firm has a market capitalization of $367.43 million, a P/E ratio of 14.57 and a beta of 0.79. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a 1-year low of $39.65 and a 1-year 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 added to or reduced their stakes in PDN. Kestra Advisory Services LLC bought a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the fourth quarter worth $30,000. Farther Finance Advisors LLC raised 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 during the last quarter. Larson Financial Group LLC boosted 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 purchasing an additional 312 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 16.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,793 shares of the exchange traded fund’s stock worth $115,000 after purchasing an additional 394 shares in the last quarter. Finally, Truist Financial Corp purchased a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the 4th quarter valued at about $200,000.

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.