Short Interest in Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Drops By 22.9%

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) was the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totaling 516,200 shares, a decrease of 22.9% from the July 31st total of 669,900 shares. Based on an average daily trading volume, of 207,800 shares, the short-interest ratio is presently 2.5 days. Based on an average daily trading volume, of 207,800 shares, the short-interest ratio is presently 2.5 days.

Invesco RAFI Emerging Markets ETF Stock Up 0.6%

Shares of NYSEARCA:PXH opened at $24.98 on Wednesday. The company has a market cap of $1.60 billion, a P/E ratio of 10.43 and a beta of 0.73. Invesco RAFI Emerging Markets ETF has a 52 week low of $18.62 and a 52 week high of $25.02. The company has a 50-day moving average price of $24.09 and a 200 day moving average price of $22.72.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Invesco RAFI Emerging Markets ETF by 9.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,095,530 shares of the company’s stock worth $586,984,000 after purchasing an additional 2,215,819 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Invesco RAFI Emerging Markets ETF during the 2nd quarter worth approximately $68,439,000. Ameriprise Financial Inc. increased its stake in shares of Invesco RAFI Emerging Markets ETF by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,350,046 shares of the company’s stock worth $54,974,000 after purchasing an additional 176,779 shares in the last quarter. Invesco Ltd. increased its stake in shares of Invesco RAFI Emerging Markets ETF by 11.2% during the 2nd quarter. Invesco Ltd. now owns 1,358,402 shares of the company’s stock worth $31,773,000 after purchasing an additional 136,451 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of Invesco RAFI Emerging Markets ETF by 14.5% during the 1st quarter. LPL Financial LLC now owns 1,007,690 shares of the company’s stock worth $21,907,000 after purchasing an additional 127,300 shares in the last quarter.

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.