Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Large Decrease in Short Interest
by Michael Walen · The Markets DailyInvesco RAFI Emerging Markets ETF (NYSEARCA:PXH – Get Free Report) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 8,722 shares, a decrease of 97.7% from the May 31st total of 376,026 shares. Based on an average daily volume of 229,149 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. purchased a new stake in shares of Invesco RAFI Emerging Markets ETF during the fourth quarter valued at approximately $25,000. CBIZ Investment Advisory Services LLC bought a new stake in Invesco RAFI Emerging Markets ETF during the fourth quarter worth $26,000. Brown Brothers Harriman & Co. purchased a new position in Invesco RAFI Emerging Markets ETF in the fourth quarter worth $27,000. Western Wealth Management LLC bought a new position in Invesco RAFI Emerging Markets ETF in the 1st quarter valued at $32,000. Finally, Advisory Services Network LLC bought a new position in Invesco RAFI Emerging Markets ETF in the 3rd quarter valued at $36,000.
Invesco RAFI Emerging Markets ETF Stock Down 0.4%
Invesco RAFI Emerging Markets ETF stock traded down $0.12 during midday trading on Friday, hitting $27.59. 348,481 shares of the stock were exchanged, compared to its average volume of 317,706. Invesco RAFI Emerging Markets ETF has a 52-week low of $23.23 and a 52-week high of $30.11. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 10.43 and a beta of 0.55. The business’s 50-day moving average price is $28.77 and its 200-day moving average price is $27.65.
About Invesco RAFI Emerging Markets ETF
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.