Short Interest in Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Decreases By 34.1%

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 7,074 shares, a decrease of 34.1% from the July 30th total of 10,730 shares. Based on an average trading volume of 12,673 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the company’s stock are sold short.

Invesco Energy Exploration & Production ETF Price Performance

Shares of NYSEARCA:PXE traded up $0.72 during trading hours on Tuesday, hitting $42.01. The company’s stock had a trading volume of 6,973 shares, compared to its average volume of 50,451. The firm’s fifty day moving average price is $37.30 and its 200 day moving average price is $36.49. Invesco Energy Exploration & Production ETF has a 52 week low of $27.21 and a 52 week high of $42.01. The company has a market capitalization of $92.00 million, a price-to-earnings ratio of 10.78 and a beta of 0.49.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Foundations Investment Advisors LLC purchased a new position in Invesco Energy Exploration & Production ETF during the 4th quarter worth $5,476,000. Commonwealth Equity Services LLC increased its holdings in shares of Invesco Energy Exploration & Production ETF by 2,201.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 202,564 shares of the company’s stock valued at $5,662,000 after purchasing an additional 193,763 shares during the period. Amundi purchased a new position in shares of Invesco Energy Exploration & Production ETF in the first quarter worth about $1,341,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Invesco Energy Exploration & Production ETF in the first quarter worth about $1,176,000. Finally, PCG Wealth Advisors LLC acquired a new stake in shares of Invesco Energy Exploration & Production ETF during the third quarter worth about $398,000.

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.