Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Short Interest Down 46.5% in August

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,027 shares, a decline of 46.5% from the August 15th total of 1,919 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 8,071 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Robinswood Financial LLC bought a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the 1st quarter valued at $3,656,000. Cetera Investment Advisers increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 15,246 shares of the exchange traded fund’s stock valued at $661,000 after purchasing an additional 431 shares during the period. JFS Wealth Advisors LLC increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 25.1% during the second quarter. JFS Wealth Advisors LLC now owns 10,165 shares of the exchange traded fund’s stock valued at $457,000 after purchasing an additional 2,041 shares during the period. Truist Financial Corp bought a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the fourth quarter valued at about $200,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the second quarter valued at about $25,000.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Up 1.1%

NYSEARCA PDN traded up $0.52 on Thursday, hitting $47.06. The stock had a trading volume of 7,168 shares, compared to its average volume of 22,403. The company’s 50-day moving average is $46.49 and its two-hundred day moving average is $45.77. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a one year low of $39.65 and a one year high of $47.94. The stock has a market cap of $332.24 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.