Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Stock Short Interest Declines 46.0%

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 1,519 shares, a drop of 46.0% from the September 15th total of 2,811 shares. Based on an average daily volume of 4,240 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco Dorsey Wright Energy Momentum ETF

A number of hedge funds have recently made changes to their positions in PXI. Janney Montgomery Scott LLC increased its position in shares of Invesco Dorsey Wright Energy Momentum ETF by 1,909.3% during the first quarter. Janney Montgomery Scott LLC now owns 110,613 shares of the company’s stock valued at $6,587,000 after purchasing an additional 105,108 shares during the period. Bank of America Corp DE grew its position in shares of Invesco Dorsey Wright Energy Momentum ETF by 31.1% during the 1st quarter. Bank of America Corp DE now owns 46,068 shares of the company’s stock worth $2,743,000 after buying an additional 10,930 shares during the period. Envestnet Asset Management Inc. raised its holdings in Invesco Dorsey Wright Energy Momentum ETF by 90.5% in the second quarter. Envestnet Asset Management Inc. now owns 7,680 shares of the company’s stock worth $423,000 after purchasing an additional 3,648 shares during the period. Royal Bank of Canada grew its stake in Invesco Dorsey Wright Energy Momentum ETF by 1,797.9% in the first quarter. Royal Bank of Canada now owns 7,079 shares of the company’s stock valued at $422,000 after acquiring an additional 6,706 shares during the period. Finally, Silver Oak Securities Incorporated bought a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 1st quarter worth about $355,000.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

Invesco Dorsey Wright Energy Momentum ETF stock traded up $1.23 during midday trading on Friday, reaching $66.26. 8,593 shares of the company were exchanged, compared to its average volume of 17,535. Invesco Dorsey Wright Energy Momentum ETF has a 1 year low of $44.56 and a 1 year high of $67.51. The company has a market capitalization of $78.85 million, a price-to-earnings ratio of 17.22 and a beta of 0.75. The firm’s 50-day simple moving average is $63.70 and its 200-day simple moving average is $59.93.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.