Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH – Get Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 115,767 shares, a drop of 82.6% from the April 30th total of 666,959 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 269,607 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Trading of Invesco RAFI Emerging Markets ETF
Several institutional investors have recently made changes to their positions in PXH. Choice Wealth Advisors LLC bought a new position in shares of Invesco RAFI Emerging Markets ETF in the fourth quarter worth about $2,713,000. Virtus Family Office LLC increased its stake in Invesco RAFI Emerging Markets ETF by 82.1% in the third quarter. Virtus Family Office LLC now owns 255,033 shares of the company’s stock valued at $6,483,000 after purchasing an additional 115,003 shares in the last quarter. MAI Capital Management increased its stake in Invesco RAFI Emerging Markets ETF by 2,317.6% in the third quarter. MAI Capital Management now owns 79,973 shares of the company’s stock valued at $2,033,000 after purchasing an additional 76,665 shares in the last quarter. Sightline Wealth Advisors LLC acquired a new position in shares of Invesco RAFI Emerging Markets ETF in the fourth quarter valued at approximately $610,000. Finally, Cidel Asset Management Inc. boosted its holdings in shares of Invesco RAFI Emerging Markets ETF by 4.2% in the third quarter. Cidel Asset Management Inc. now owns 573,516 shares of the company’s stock valued at $14,579,000 after buying an additional 22,956 shares during the period.
Invesco RAFI Emerging Markets ETF Price Performance
Shares of PXH opened at $29.10 on Thursday. The company has a market capitalization of $1.99 billion, a PE ratio of 10.43 and a beta of 0.56. Invesco RAFI Emerging Markets ETF has a one year low of $22.08 and a one year high of $29.58. The company’s fifty day moving average price is $27.98 and its 200 day moving average price is $27.22.
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.
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