Short Interest in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Drops By 68.8%

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 7,914 shares, a decrease of 68.8% from the June 30th total of 25,354 shares. Based on an average trading volume of 12,575 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

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

PDN opened at $45.06 on Friday. The company has a 50-day moving average of $45.65 and a 200-day moving average of $45.32. The company has a market capitalization of $349.21 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 $38.48 and a 1-year high of $47.72.

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

A number of hedge funds have recently bought and sold shares of PDN. Kestra Advisory Services LLC bought a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the fourth quarter valued at about $30,000. Farther Finance Advisors LLC lifted its holdings in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 374.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,256 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 991 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 13.8% in the 3rd quarter. Larson Financial Group LLC now owns 2,568 shares of the exchange traded fund’s stock worth $106,000 after acquiring an additional 312 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of 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 acquiring an additional 394 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 6.9% in the 3rd quarter. IFP Advisors Inc now owns 4,237 shares of the exchange traded fund’s stock valued at $174,000 after acquiring an additional 274 shares during the last quarter.

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.