Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Short Interest Up 176.3% in August

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 19,542 shares, a growth of 176.3% from the August 15th total of 7,074 shares. Based on an average daily volume of 17,914 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.9% of the company’s stock are sold short.

Invesco Energy Exploration & Production ETF Trading Down 0.8%

NYSEARCA PXE opened at $42.30 on Tuesday. The stock has a market cap of $92.64 million, a P/E ratio of 10.78 and a beta of 0.50. The company’s fifty day simple moving average is $38.95 and its 200-day simple moving average is $37.17. Invesco Energy Exploration & Production ETF has a 52 week low of $27.21 and a 52 week high of $43.44.

Hedge Funds Weigh In On Invesco Energy Exploration & Production ETF

Institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new stake in Invesco Energy Exploration & Production ETF during the 1st quarter worth approximately $50,000. Mraz Amerine & Associates Inc. increased its stake in Invesco Energy Exploration & Production ETF by 4.8% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 55,902 shares of the company’s stock valued at $1,562,000 after purchasing an additional 2,556 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in Invesco Energy Exploration & Production ETF during the first quarter valued at $182,000. Private Advisor Group LLC acquired a new stake in shares of Invesco Energy Exploration & Production ETF during the first quarter worth $233,000. Finally, Citadel Advisors LLC bought a new stake in shares of Invesco Energy Exploration & Production ETF during the 2nd quarter valued at about $237,000.

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.