Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Stock Short Interest Drops 41.0%

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 86,623 shares, a decrease of 41.0% from the August 31st total of 146,870 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 87,487 shares, the days-to-cover ratio is presently 1.0 days.

Invesco Leisure and Entertainment ETF Stock Down 0.3%

Shares of NYSEARCA:PEJ traded down $0.16 during trading on Thursday, hitting $61.82. 19,459 shares of the company were exchanged, compared to its average volume of 48,193. The business’s 50 day moving average is $65.42 and its 200-day moving average is $63.38. The company has a market capitalization of $353.61 million, a P/E ratio of 20.24 and a beta of 1.10. Invesco Leisure and Entertainment ETF has a 1-year low of $55.66 and a 1-year high of $69.43.

Hedge Funds Weigh In On Invesco Leisure and Entertainment ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PEJ. IFP Advisors Inc grew its holdings in shares of Invesco Leisure and Entertainment ETF by 15.7% during the second quarter. IFP Advisors Inc now owns 1,862 shares of the company’s stock worth $124,000 after purchasing an additional 252 shares during the last quarter. Kwmg LLC raised its holdings in Invesco Leisure and Entertainment ETF by 3.3% in the 2nd quarter. Kwmg LLC now owns 40,693 shares of the company’s stock valued at $2,709,000 after buying an additional 1,287 shares during the last quarter. Royal Bank of Canada raised its holdings in Invesco Leisure and Entertainment ETF by 45.3% in the 1st quarter. Royal Bank of Canada now owns 14,572 shares of the company’s stock valued at $844,000 after buying an additional 4,546 shares during the last quarter. Gateway Wealth Partners LLC boosted its position in Invesco Leisure and Entertainment ETF by 105.4% during the 1st quarter. Gateway Wealth Partners LLC now owns 10,594 shares of the company’s stock worth $614,000 after buying an additional 5,437 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in Invesco Leisure and Entertainment ETF during the 1st quarter worth approximately $64,000.

About Invesco Leisure and Entertainment ETF

PowerShares Dynamic Leisure and Entertainment Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Leisure and Entertainment Intellidex Index (the Index). The Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States leisure and entertainment companies.