Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Significant Growth in Short Interest

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 204,859 shares, a growth of 294.5% from the June 30th total of 51,924 shares. Based on an average daily trading volume, of 102,167 shares, the short-interest ratio is presently 2.0 days. Currently, 0.5% of the company’s stock are sold short.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF in the fourth quarter worth approximately $26,000. Osbon Capital Management LLC bought a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF in the fourth quarter valued at approximately $27,000. Tidemark LLC bought a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF in the fourth quarter valued at approximately $27,000. International Assets Investment Management LLC purchased a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the first quarter valued at approximately $38,000. Finally, Robinswood Financial LLC purchased a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the first quarter valued at approximately $38,000.

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

Shares of NYSEARCA PXF traded down $0.09 during mid-day trading on Friday, reaching $75.52. 53,407 shares of the company’s stock traded hands, compared to its average volume of 122,756. The business has a 50-day simple moving average of $76.31 and a 200 day simple moving average of $73.30. The stock has a market cap of $2.83 billion, a P/E ratio of 12.91 and a beta of 0.73. Invesco RAFI Developed Markets ex-U.S. ETF has a 1-year low of $56.81 and a 1-year high of $78.96.

About Invesco RAFI Developed Markets ex-U.S. ETF

The Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) is an exchange-traded fund that is based on the FTSE RAFI Developed x US 1000 index. The fund tracks an index of 1,000 of the biggest companies in developed markets outside the US that are selected and weighted based on fundamental measures. PXF was launched on Jun 25, 2007 and is managed by Invesco.