Short Interest in Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Decreases By 42.0%

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 31,453 shares, a drop of 42.0% from the July 30th total of 54,242 shares. Based on an average daily volume of 81,139 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Invesco CEF Income Composite ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Invesco CEF Income Composite ETF in the 2nd quarter worth $25,000. Advisory Services Network LLC bought a new stake in Invesco CEF Income Composite ETF during the third quarter valued at about $40,000. WFA of San Diego LLC bought a new stake in Invesco CEF Income Composite ETF during the second quarter valued at about $45,000. International Assets Investment Management LLC purchased a new position in shares of Invesco CEF Income Composite ETF in the fourth quarter valued at about $57,000. Finally, Ascentis Independent Advisors purchased a new position in shares of Invesco CEF Income Composite ETF in the first quarter valued at about $95,000.

Invesco CEF Income Composite ETF Stock Down 0.3%

NYSEARCA:PCEF traded down $0.07 during mid-day trading on Monday, hitting $20.34. 91,700 shares of the company traded hands, compared to its average volume of 135,010. The stock’s fifty day moving average price is $20.23 and its 200-day moving average price is $19.92. Invesco CEF Income Composite ETF has a one year low of $18.30 and a one year high of $20.60. The firm has a market cap of $814.01 million, a price-to-earnings ratio of 23.11 and a beta of 0.75.

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).