Short Interest in Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Declines By 40.3%

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 158,228 shares, a drop of 40.3% from the May 31st total of 264,967 shares. Approximately 3.9% of the shares of the company are sold short. Based on an average daily volume of 57,558 shares, the days-to-cover ratio is currently 2.7 days.

Invesco Leisure and Entertainment ETF Price Performance

Shares of PEJ remained flat at $67.23 during trading hours on Friday. 46,140 shares of the company traded hands, compared to its average volume of 37,345. The business’s fifty day moving average is $62.68 and its 200-day moving average is $61.28. Invesco Leisure and Entertainment ETF has a 1 year low of $55.66 and a 1 year high of $67.90. The firm has a market cap of $281.69 million, a price-to-earnings ratio of 20.24 and a beta of 1.06.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd purchased a new position in shares of Invesco Leisure and Entertainment ETF during the 3rd quarter worth approximately $29,000. SHP Wealth Management purchased a new stake in Invesco Leisure and Entertainment ETF during the fourth quarter worth about $42,000. Advisory Services Network LLC acquired a new position in Invesco Leisure and Entertainment ETF during the third quarter worth about $52,000. Fifth Third Bancorp purchased a new position in Invesco Leisure and Entertainment ETF in the first quarter valued at about $64,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Invesco Leisure and Entertainment ETF during the 4th quarter valued at approximately $117,000.

Invesco Leisure and Entertainment ETF Company Profile

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.