Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Short Interest Down 45.3% in June

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 58,731 shares, a decrease of 45.3% from the May 31st total of 107,378 shares. Based on an average daily volume of 123,463 shares, the short-interest ratio is presently 0.5 days. Approximately 1.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Western Wealth Management LLC acquired a new stake in shares of Invesco Energy Exploration & Production ETF during the first quarter valued at approximately $50,000. Bank of Montreal Can purchased a new position in Invesco Energy Exploration & Production ETF during the 4th quarter worth approximately $89,000. Sunbelt Securities Inc. acquired a new stake in Invesco Energy Exploration & Production ETF during the 1st quarter valued at $182,000. Private Advisor Group LLC acquired a new stake in Invesco Energy Exploration & Production ETF during the 1st quarter valued at $233,000. Finally, Osaic Holdings Inc. boosted its position in shares of Invesco Energy Exploration & Production ETF by 9.7% in the second quarter. Osaic Holdings Inc. now owns 10,039 shares of the company’s stock worth $281,000 after buying an additional 891 shares during the period.

Invesco Energy Exploration & Production ETF Stock Up 1.0%

NYSEARCA:PXE opened at $34.09 on Friday. Invesco Energy Exploration & Production ETF has a 1-year low of $27.21 and a 1-year high of $40.74. The firm has a market capitalization of $79.43 million, a price-to-earnings ratio of 10.78 and a beta of 0.49. The stock has a fifty day simple moving average of $36.06 and a 200 day simple moving average of $33.81.

Invesco Energy Exploration & Production ETF Company Profile

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.