Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Short Interest Update

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,789 shares, a drop of 32.6% from the November 30th total of 2,653 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 22,008 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 22,008 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

Several hedge funds and other institutional investors have recently modified their holdings of PDN. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 26.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,585 shares of the exchange traded fund’s stock valued at $254,000 after acquiring an additional 1,604 shares during the last quarter. Royal Bank of Canada lifted its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 26.1% during the first quarter. Royal Bank of Canada now owns 45,158 shares of the exchange traded fund’s stock worth $1,511,000 after purchasing an additional 9,346 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 1,002.2% in the first quarter. Jones Financial Companies Lllp now owns 33,552 shares of the exchange traded fund’s stock worth $1,123,000 after purchasing an additional 30,508 shares during the period. Jane Street Group LLC increased its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 72.4% during the first quarter. Jane Street Group LLC now owns 31,691 shares of the exchange traded fund’s stock valued at $1,061,000 after purchasing an additional 13,305 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.6% during the first quarter. Focus Partners Wealth now owns 13,177 shares of the exchange traded fund’s stock valued at $441,000 after purchasing an additional 338 shares during the last quarter.

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

Shares of NYSEARCA:PDN traded down $0.01 during midday trading on Tuesday, hitting $42.32. 26,501 shares of the company’s stock traded hands, compared to its average volume of 44,667. The firm’s fifty day moving average price is $41.49 and its two-hundred day moving average price is $40.54. The company has a market cap of $374.53 million, a PE ratio of 14.57 and a beta of 0.84. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a twelve month low of $29.43 and a twelve month high of $42.50.

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.