Short Interest in Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Grows By 280.4%

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 195,655 shares, an increase of 280.4% from the March 31st total of 51,437 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 262,219 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

Several hedge funds have recently modified their holdings of the stock. Panoramic Investment Advisors LLC grew its holdings in Invesco CEF Income Composite ETF by 1.0% in the 4th quarter. Panoramic Investment Advisors LLC now owns 54,905 shares of the company’s stock valued at $1,092,000 after buying an additional 522 shares during the period. Comerica Bank grew its holdings in Invesco CEF Income Composite ETF by 2.5% in the 3rd quarter. Comerica Bank now owns 21,965 shares of the company’s stock valued at $439,000 after buying an additional 538 shares during the period. Argyle Capital Partners LLC grew its holdings in Invesco CEF Income Composite ETF by 2.8% in the 3rd quarter. Argyle Capital Partners LLC now owns 24,014 shares of the company’s stock valued at $480,000 after buying an additional 650 shares during the period. Endowment Wealth Management Inc. lifted its stake in shares of Invesco CEF Income Composite ETF by 2.5% in the 4th quarter. Endowment Wealth Management Inc. now owns 27,628 shares of the company’s stock valued at $549,000 after purchasing an additional 673 shares in the last quarter. Finally, WealthShield Partners LLC lifted its stake in shares of Invesco CEF Income Composite ETF by 1.2% in the 4th quarter. WealthShield Partners LLC now owns 63,163 shares of the company’s stock valued at $1,243,000 after purchasing an additional 748 shares in the last quarter.

Invesco CEF Income Composite ETF Trading Up 0.5%

PCEF traded up $0.10 on Friday, hitting $19.82. 97,948 shares of the company’s stock were exchanged, compared to its average volume of 149,943. The stock has a market cap of $827.09 million, a price-to-earnings ratio of 23.11 and a beta of 0.76. Invesco CEF Income Composite ETF has a fifty-two week low of $18.19 and a fifty-two week high of $20.30. The firm has a 50-day moving average price of $19.51 and a 200-day moving average price of $19.78.

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).