Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Short Interest Down 46.5% in August

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,027 shares, a drop of 46.5% from the August 15th total of 1,919 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 8,071 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the second quarter worth about $25,000. JFS Wealth Advisors LLC grew its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 25.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 10,165 shares of the exchange traded fund’s stock worth $457,000 after purchasing an additional 2,041 shares during the last quarter. Robinswood Financial LLC acquired a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the 1st quarter valued at approximately $3,656,000. Cetera Investment Advisers increased its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 15,246 shares of the exchange traded fund’s stock valued at $661,000 after purchasing an additional 431 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the fourth quarter worth $200,000.

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

NYSEARCA PDN traded down $0.11 on Wednesday, hitting $46.54. The stock had a trading volume of 8,014 shares, compared to its average volume of 22,500. The business’s fifty day moving average price is $46.46 and its 200 day moving average price is $45.78. The stock has a market cap of $328.57 million, a price-to-earnings ratio of 14.57 and a beta of 0.79. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a 52-week low of $39.65 and a 52-week high of $47.94.

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

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.