Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Shares Shorted: Short Interest Up 1,055.6% in September

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 125,214 shares, a growth of 1,055.6% from the September 15th total of 10,835 shares. Approximately 3.5% of the shares of the company are short sold. Based on an average daily trading volume, of 167,985 shares, the days-to-cover ratio is presently 0.7 days.

Invesco Energy Exploration & Production ETF Stock Performance

Shares of PXE traded down $0.45 during midday trading on Friday, hitting $42.42. 68,086 shares of the stock traded hands, compared to its average volume of 55,660. The business’s 50 day moving average price is $40.57 and its two-hundred day moving average price is $37.93. The firm has a market capitalization of $150.59 million, a PE ratio of 10.78 and a beta of 0.59. Invesco Energy Exploration & Production ETF has a 1-year low of $27.21 and a 1-year high of $44.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PXE. Mraz Amerine & Associates Inc. raised its holdings in shares of Invesco Energy Exploration & Production ETF by 6.1% during the second quarter. Mraz Amerine & Associates Inc. now owns 60,488 shares of the company’s stock valued at $2,049,000 after buying an additional 3,453 shares during the last quarter. Amundi acquired a new position in shares of Invesco Energy Exploration & Production ETF during the first quarter worth approximately $1,341,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Invesco Energy Exploration & Production ETF in the 1st quarter worth approximately $1,176,000. Envestnet Asset Management Inc. grew its holdings in Invesco Energy Exploration & Production ETF by 15.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,233 shares of the company’s stock worth $279,000 after buying an additional 1,074 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Invesco Energy Exploration & Production ETF in the 2nd quarter valued at approximately $237,000.

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.