Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Sees Large Decline in Short Interest

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 10,835 shares, a decline of 44.6% from the August 31st total of 19,542 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 20,307 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Invesco Energy Exploration & Production ETF

Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its stake in Invesco Energy Exploration & Production ETF by 15.0% in the second quarter. Envestnet Asset Management Inc. now owns 8,233 shares of the company’s stock worth $279,000 after buying an additional 1,074 shares in the last quarter. Mraz Amerine & Associates Inc. boosted its position in Invesco Energy Exploration & Production ETF by 6.1% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 60,488 shares of the company’s stock valued at $2,049,000 after acquiring an additional 3,453 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Invesco Energy Exploration & Production ETF in the 2nd quarter valued at $237,000. Western Wealth Management LLC purchased a new position in shares of Invesco Energy Exploration & Production ETF in the 1st quarter valued at $50,000. Finally, Sunbelt Securities Inc. bought a new position in shares of Invesco Energy Exploration & Production ETF in the 1st quarter worth $182,000.

Invesco Energy Exploration & Production ETF Stock Performance

Invesco Energy Exploration & Production ETF stock traded up $0.18 during midday trading on Wednesday, hitting $39.39. 115,243 shares of the company’s stock were exchanged, compared to its average volume of 55,981. Invesco Energy Exploration & Production ETF has a 12 month low of $27.21 and a 12 month high of $44.01. The firm has a 50-day moving average of $40.00 and a two-hundred day moving average of $37.67. The company has a market cap of $85.08 million, a PE ratio of 10.78 and a beta of 0.50.

About Invesco Energy Exploration & Production ETF

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.