Short Interest in Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Declines By 40.3%

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 158,228 shares, a drop of 40.3% from the May 31st total of 264,967 shares. Based on an average daily volume of 57,558 shares, the days-to-cover ratio is presently 2.7 days. Currently, 3.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PEJ. Qube Research & Technologies Ltd bought a new position in shares of Invesco Leisure and Entertainment ETF in the third quarter worth $29,000. SHP Wealth Management acquired a new stake in Invesco Leisure and Entertainment ETF in the fourth quarter worth about $42,000. Advisory Services Network LLC acquired a new stake in Invesco Leisure and Entertainment ETF in the third quarter worth about $52,000. Fifth Third Bancorp bought a new position in Invesco Leisure and Entertainment ETF in the 1st quarter valued at about $64,000. Finally, Sound Income Strategies LLC acquired a new position in Invesco Leisure and Entertainment ETF during the 4th quarter valued at about $117,000.

Invesco Leisure and Entertainment ETF Price Performance

Shares of NYSEARCA PEJ traded up $0.71 during midday trading on Thursday, hitting $67.23. 46,140 shares of the company’s stock were exchanged, compared to its average volume of 37,345. The stock’s 50 day moving average price is $62.59 and its 200-day moving average price is $61.24. The firm has a market cap of $281.69 million, a P/E ratio of 20.24 and a beta of 1.06. Invesco Leisure and Entertainment ETF has a twelve month low of $55.66 and a twelve month high of $67.90.

About Invesco Leisure and Entertainment ETF

PowerShares Dynamic Leisure and Entertainment Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Leisure and Entertainment Intellidex Index (the Index). The Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States leisure and entertainment companies.