Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Large Decline in Short Interest

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 6,800 shares, a decrease of 66.2% from the September 15th total of 20,100 shares. Based on an average trading volume of 51,800 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 51,800 shares, the days-to-cover ratio is currently 0.1 days.

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

Shares of NYSEARCA:PXF opened at $61.92 on Monday. The company has a market cap of $2.17 billion, a PE ratio of 12.91 and a beta of 0.90. Invesco RAFI Developed Markets ex-U.S. ETF has a 52 week low of $45.78 and a 52 week high of $62.37. The firm has a 50 day simple moving average of $60.86 and a 200 day simple moving average of $57.28.

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

Several hedge funds have recently made changes to their positions in the company. Crewe Advisors LLC raised its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 10.3% during the second quarter. Crewe Advisors LLC now owns 1,841 shares of the company’s stock worth $106,000 after buying an additional 172 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 6.2% during the second quarter. AE Wealth Management LLC now owns 3,456 shares of the company’s stock worth $198,000 after buying an additional 201 shares during the last quarter. Red Tortoise LLC raised its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 0.6% during the first quarter. Red Tortoise LLC now owns 39,279 shares of the company’s stock worth $2,042,000 after buying an additional 220 shares during the last quarter. Bell Investment Advisors Inc raised its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 113.9% during the second quarter. Bell Investment Advisors Inc now owns 492 shares of the company’s stock worth $28,000 after buying an additional 262 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 3.8% during the first quarter. Comerica Bank now owns 7,549 shares of the company’s stock worth $392,000 after buying an additional 273 shares during the last quarter.

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

The Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) is an exchange-traded fund that is based on the FTSE RAFI Developed x US 1000 index. The fund tracks an index of 1,000 of the biggest companies in developed markets outside the US that are selected and weighted based on fundamental measures. PXF was launched on Jun 25, 2007 and is managed by Invesco.