Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Stock Short Interest Jumps 4,153.9%

by · The Markets Daily

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 648,676 shares, a growth of 4,153.9% from the September 30th total of 15,249 shares. Based on an average trading volume of 226,034 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.9% of the shares of the stock are short sold.

Invesco RAFI Emerging Markets ETF Stock Performance

Shares of NYSEARCA PXH traded down $0.50 during midday trading on Monday, reaching $28.26. 755,080 shares of the company traded hands, compared to its average volume of 277,479. The firm has a market cap of $1.95 billion, a PE ratio of 10.43 and a beta of 0.56. The stock’s 50-day simple moving average is $29.47 and its 200-day simple moving average is $28.90. Invesco RAFI Emerging Markets ETF has a 12 month low of $25.08 and a 12 month high of $30.35.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

A number of hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC boosted its holdings in shares of Invesco RAFI Emerging Markets ETF by 155.7% in the 2nd quarter. Citadel Advisors LLC now owns 146,110 shares of the company’s stock worth $4,074,000 after acquiring an additional 88,971 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Invesco RAFI Emerging Markets ETF during the 2nd quarter worth approximately $1,637,000. Kinetic Wealth Investment Advisors LLC acquired a new stake in Invesco RAFI Emerging Markets ETF during the 2nd quarter valued at $843,000. Cidel Asset Management Inc. increased its holdings in Invesco RAFI Emerging Markets ETF by 6.3% during the 2nd quarter. Cidel Asset Management Inc. now owns 658,764 shares of the company’s stock valued at $18,366,000 after purchasing an additional 38,952 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Invesco RAFI Emerging Markets ETF by 6.1% in the 1st quarter. Bank of America Corp DE now owns 1,686,830 shares of the company’s stock valued at $45,393,000 after purchasing an additional 96,377 shares during the last quarter.

Invesco RAFI Emerging Markets ETF Company Profile

(Get Free Report)

The Invesco FTSE RAFI Emerging Markets ETF (PXH) is an exchange-traded fund that is based on the FTSE RAFI Emerging index. The fund tracks an index of emerging market companies selected and weighted based on a fundamental methodology. PXH was launched on Sep 27, 2007 and is managed by Invesco.

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