Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Sees Significant Growth in Short Interest

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 456 shares, an increase of 430.2% from the January 15th total of 86 shares. Based on an average daily volume of 26,582 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 26,582 shares, the short-interest ratio is presently 0.0 days.

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

A number of hedge funds have recently added to or reduced their stakes in PDN. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 3.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,835 shares of the exchange traded fund’s stock valued at $305,000 after acquiring an additional 250 shares in the last quarter. IFP Advisors Inc grew its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 6.9% in the 3rd quarter. IFP Advisors Inc now owns 4,237 shares of the exchange traded fund’s stock valued at $174,000 after purchasing an additional 274 shares during the period. Creative Planning increased its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 1.1% during the 3rd quarter. Creative Planning now owns 28,041 shares of the exchange traded fund’s stock valued at $1,153,000 after purchasing an additional 294 shares in the last quarter. Larson Financial Group LLC increased its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 13.8% during the 3rd quarter. Larson Financial Group LLC now owns 2,568 shares of the exchange traded fund’s stock valued at $106,000 after purchasing an additional 312 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings 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 worth $441,000 after buying an additional 338 shares during the last quarter.

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

PDN stock opened at $46.79 on Wednesday. The company’s 50-day moving average is $43.40 and its 200-day moving average is $41.69. The stock has a market capitalization of $395.38 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 1 year low of $29.43 and a 1 year high of $46.88.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Company Profile

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.