Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH – Get Free Report) saw 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. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 226,034 shares, the short-interest ratio is currently 2.9 days.
Invesco RAFI Emerging Markets ETF Stock Performance
Shares of PXH traded down $0.50 during trading hours on Monday, reaching $28.26. 755,080 shares of the company traded hands, compared to its average volume of 277,479. The stock’s fifty day moving average is $29.47 and its 200 day moving average is $28.90. Invesco RAFI Emerging Markets ETF has a 1-year low of $25.08 and a 1-year high of $30.35. The stock has a market cap of $1.95 billion, a P/E ratio of 10.43 and a beta of 0.56.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of PXH. Envestnet Asset Management Inc. boosted its holdings in Invesco RAFI Emerging Markets ETF by 103.2% during the second quarter. Envestnet Asset Management Inc. now owns 906,330 shares of the company’s stock valued at $25,268,000 after purchasing an additional 460,234 shares in the last quarter. Aries Wealth Management bought a new stake in shares of Invesco RAFI Emerging Markets ETF in the 3rd quarter valued at approximately $6,101,000. Lmcg Investments LLC bought 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 raised its holdings in shares of Invesco RAFI Emerging Markets ETF by 15.5% in the 1st quarter. Bank of New York Mellon Corp now owns 948,008 shares of the company’s stock worth $25,511,000 after buying an additional 127,177 shares in the last quarter. Finally, Asset Allocation Strategies LLC acquired a new position in shares of Invesco RAFI Emerging Markets ETF in the 2nd quarter worth approximately $3,300,000.
Invesco RAFI Emerging Markets ETF Company Profile
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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