Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Stock Short Interest Jumps 78.6%

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 330,681 shares, a growth of 78.6% from the September 15th total of 185,188 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 126,745 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

A number of hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its position in Invesco CEF Income Composite ETF by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,267,351 shares of the company’s stock worth $46,050,000 after acquiring an additional 80,971 shares during the period. Farther Finance Advisors LLC boosted its stake in Invesco CEF Income Composite ETF by 281.4% in the third quarter. Farther Finance Advisors LLC now owns 86,706 shares of the company’s stock valued at $1,678,000 after acquiring an additional 63,973 shares during the last quarter. Intrua Financial LLC grew its position in shares of Invesco CEF Income Composite ETF by 8.7% during the 1st quarter. Intrua Financial LLC now owns 634,584 shares of the company’s stock valued at $11,943,000 after acquiring an additional 50,739 shares during the period. Independent Financial Group LLC bought a new position in shares of Invesco CEF Income Composite ETF during the 1st quarter valued at approximately $494,000. Finally, Fifth Third Bancorp bought a new position in shares of Invesco CEF Income Composite ETF during the 1st quarter valued at approximately $399,000.

Invesco CEF Income Composite ETF Stock Up 0.1%

PCEF stock traded up $0.02 during midday trading on Thursday, hitting $19.18. The company’s stock had a trading volume of 10,407 shares, compared to its average volume of 135,167. The stock’s 50-day moving average price is $19.94 and its 200 day moving average price is $19.93. Invesco CEF Income Composite ETF has a 1 year low of $18.30 and a 1 year high of $20.60. The stock has a market cap of $752.62 million, a price-to-earnings ratio of 23.11 and a beta of 0.77.

About Invesco CEF Income Composite ETF

PowerShares CEF Income Composite Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index. The Index tracks the overall performance of a global universe of United States listed closed-end funds that are organized under the laws of the United States selected by S-Network Global Indexes LLC (the Index Provider).