Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Short Interest Down 45.3% in June

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 58,731 shares, a drop of 45.3% from the May 31st total of 107,378 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 123,463 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Invesco Energy Exploration & Production ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in Invesco Energy Exploration & Production ETF by 2,201.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 202,564 shares of the company’s stock worth $5,662,000 after purchasing an additional 193,763 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in Invesco Energy Exploration & Production ETF during the fourth quarter valued at $5,476,000. Cetera Investment Advisers raised its position in Invesco Energy Exploration & Production ETF by 0.9% during the fourth quarter. Cetera Investment Advisers now owns 137,466 shares of the company’s stock valued at $3,842,000 after buying an additional 1,181 shares during the period. Mraz Amerine & Associates Inc. lifted its stake in Invesco Energy Exploration & Production ETF by 4.8% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 55,902 shares of the company’s stock worth $1,562,000 after acquiring an additional 2,556 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Invesco Energy Exploration & Production ETF by 14.7% in the 2nd quarter. Raymond James Financial Inc. now owns 35,441 shares of the company’s stock worth $992,000 after acquiring an additional 4,541 shares in the last quarter.

Invesco Energy Exploration & Production ETF Stock Performance

Shares of NYSEARCA PXE traded down $0.14 during trading on Wednesday, hitting $33.74. The company had a trading volume of 54,305 shares, compared to its average volume of 60,265. Invesco Energy Exploration & Production ETF has a 52 week low of $27.21 and a 52 week high of $40.74. The business’s 50-day moving average is $36.12 and its 200 day moving average is $33.75. The company has a market cap of $112.35 million, a P/E ratio of 10.78 and a beta of 0.48.

Invesco Energy Exploration & Production ETF Company Profile

PowerShares Dynamic Energy Exploration & Production Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Exploration & Production Intellidex Index (the Index). The Index evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.