Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Large Drop in Short Interest

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 84,020 shares, a decrease of 44.8% from the April 30th total of 152,146 shares. Based on an average trading volume of 234,106 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in Invesco CEF Income Composite ETF in the third quarter valued at approximately $40,000. WFA of San Diego LLC purchased a new stake in Invesco CEF Income Composite ETF in the second quarter valued at approximately $45,000. International Assets Investment Management LLC purchased a new stake in Invesco CEF Income Composite ETF in the fourth quarter valued at approximately $57,000. Ascentis Independent Advisors purchased a new stake in Invesco CEF Income Composite ETF in the first quarter valued at approximately $95,000. Finally, Western Wealth Management LLC purchased a new stake in Invesco CEF Income Composite ETF in the first quarter valued at approximately $154,000.

Invesco CEF Income Composite ETF Stock Performance

NYSEARCA PCEF traded up $0.05 during trading hours on Tuesday, reaching $20.33. The stock had a trading volume of 142,145 shares, compared to its average volume of 150,703. The stock has a fifty day moving average of $19.61 and a 200 day moving average of $19.79. The stock has a market cap of $851.22 million, a P/E ratio of 23.11 and a beta of 0.76. Invesco CEF Income Composite ETF has a 52-week low of $18.30 and a 52-week high of $20.35.

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).