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

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 54,242 shares, a decline of 56.2% from the July 15th total of 123,764 shares. Based on an average daily volume of 156,783 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Invesco CEF Income Composite ETF Stock Performance

Shares of NYSEARCA PCEF traded down $0.06 during midday trading on Friday, hitting $20.53. 89,055 shares of the stock traded hands, compared to its average volume of 137,436. The firm has a 50-day moving average of $20.18 and a two-hundred day moving average of $19.90. The firm has a market capitalization of $821.61 million, a P/E ratio of 23.11 and a beta of 0.75. Invesco CEF Income Composite ETF has a one year low of $18.30 and a one year high of $20.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in shares of Invesco CEF Income Composite ETF by 2.7% during the 1st quarter. NewEdge Advisors LLC now owns 37,621 shares of the company’s stock valued at $709,000 after buying an additional 983 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Invesco CEF Income Composite ETF by 13.6% during the second quarter. Raymond James Financial Inc. now owns 1,152,972 shares of the company’s stock valued at $22,529,000 after purchasing an additional 137,590 shares in the last quarter. Bank of America Corp DE lifted its holdings in Invesco CEF Income Composite ETF by 0.8% during the second quarter. Bank of America Corp DE now owns 941,215 shares of the company’s stock valued at $18,391,000 after purchasing an additional 7,534 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of Invesco CEF Income Composite ETF in the second quarter worth approximately $45,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Invesco CEF Income Composite ETF by 20.3% in the second quarter. Geneos Wealth Management Inc. now owns 48,941 shares of the company’s stock worth $956,000 after purchasing an additional 8,245 shares during the period.

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).