Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Short Interest Update

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 19,542 shares, a growth of 176.3% from the August 15th total of 7,074 shares. Based on an average trading volume of 17,914 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.9% of the company’s stock are sold short.

Invesco Energy Exploration & Production ETF Stock Performance

Shares of NYSEARCA:PXE traded down $0.35 during midday trading on Monday, hitting $42.30. 13,804 shares of the stock were exchanged, compared to its average volume of 48,603. The company has a market capitalization of $92.64 million, a PE ratio of 10.78 and a beta of 0.50. Invesco Energy Exploration & Production ETF has a 52-week low of $27.21 and a 52-week high of $43.44. The business’s fifty day simple moving average is $38.78 and its two-hundred day simple moving average is $37.10.

Institutional Investors Weigh In On Invesco Energy Exploration & Production ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Foundations Investment Advisors LLC acquired a new position in shares of Invesco Energy Exploration & Production ETF during the fourth quarter valued at about $5,476,000. Amundi acquired a new stake in Invesco Energy Exploration & Production ETF during the first quarter worth about $1,341,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Invesco Energy Exploration & Production ETF during the first quarter valued at about $1,176,000. Citadel Advisors LLC bought a new position in Invesco Energy Exploration & Production ETF during the second quarter valued at about $237,000. Finally, Private Advisor Group LLC acquired a new position in Invesco Energy Exploration & Production ETF in the 1st quarter valued at approximately $233,000.

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.