Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Stock Short Interest Report for October

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 648,676 shares, an increase of 4,153.9% from the September 30th total of 15,249 shares. Based on an average daily trading volume, of 226,034 shares, the short-interest ratio is currently 2.9 days. Approximately 0.9% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in Invesco RAFI Emerging Markets ETF by 103.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 906,330 shares of the company’s stock worth $25,268,000 after purchasing an additional 460,234 shares during the period. Aries Wealth Management purchased a new position in shares of Invesco RAFI Emerging Markets ETF during the 3rd quarter worth approximately $6,101,000. Lmcg Investments LLC acquired a new stake in shares of Invesco RAFI Emerging Markets ETF in the 3rd quarter valued at approximately $3,783,000. Bank of New York Mellon Corp boosted its stake in shares of Invesco RAFI Emerging Markets ETF by 15.5% in the first quarter. Bank of New York Mellon Corp now owns 948,008 shares of the company’s stock valued at $25,511,000 after buying an additional 127,177 shares in the last quarter. Finally, Asset Allocation Strategies LLC acquired a new position in Invesco RAFI Emerging Markets ETF during the second quarter worth $3,300,000.

Invesco RAFI Emerging Markets ETF Stock Performance

Shares of NYSEARCA PXH traded up $0.11 during midday trading on Tuesday, reaching $28.37. 55,939 shares of the stock were exchanged, compared to its average volume of 276,393. The company has a 50 day simple moving average of $29.42 and a 200 day simple moving average of $28.43. The stock has a market capitalization of $1.96 billion, a P/E ratio of 10.43 and a beta of 0.56. Invesco RAFI Emerging Markets ETF has a twelve month low of $25.08 and a twelve month high of $30.35.

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.