Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Short Interest Update

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 17,066 shares, a growth of 651.5% from the June 30th total of 2,271 shares. Based on an average trading volume of 30,302 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.7% of the company’s shares are sold short.

Invesco Energy Exploration & Production ETF Stock Down 0.6%

NYSEARCA PXE traded down $0.21 during trading on Friday, reaching $37.95. 21,035 shares of the stock traded hands, compared to its average volume of 57,176. The firm has a market cap of $88.04 million, a price-to-earnings ratio of 10.78 and a beta of 0.48. The stock’s 50-day moving average price is $35.78 and its 200 day moving average price is $34.67. Invesco Energy Exploration & Production ETF has a fifty-two week low of $27.21 and a fifty-two week high of $40.74.

Hedge Funds Weigh In On Invesco Energy Exploration & Production ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PXE. Western Wealth Management LLC bought a new stake in shares of Invesco Energy Exploration & Production ETF in the 1st quarter valued at $50,000. Bank of Montreal Can bought a new position in Invesco Energy Exploration & Production ETF during the fourth quarter worth about $89,000. Sunbelt Securities Inc. bought a new position in Invesco Energy Exploration & Production ETF during the first quarter worth about $182,000. Private Advisor Group LLC acquired a new position in Invesco Energy Exploration & Production ETF in the first quarter valued at about $233,000. Finally, Osaic Holdings Inc. grew its stake in Invesco Energy Exploration & Production ETF by 9.7% in the second quarter. Osaic Holdings Inc. now owns 10,039 shares of the company’s stock valued at $281,000 after acquiring an additional 891 shares during the period.

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.