Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Sees Significant Increase in Short Interest

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) saw a large 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 company’s shares are sold short. Based on an average daily volume of 167,985 shares, the days-to-cover ratio is currently 0.7 days.

Invesco Energy Exploration & Production ETF Trading Down 1.0%

Invesco Energy Exploration & Production ETF stock traded down $0.45 during mid-day trading on Friday, hitting $42.42. The company’s stock had a trading volume of 68,086 shares, compared to its average volume of 55,660. The stock’s fifty day moving average is $40.57 and its two-hundred day moving average 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 Trading of Invesco Energy Exploration & Production ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PXE. Western Wealth Management LLC purchased a new stake in Invesco Energy Exploration & Production ETF in the 1st quarter valued at about $50,000. Sunbelt Securities Inc. acquired a new stake in shares of Invesco Energy Exploration & Production ETF during the first quarter valued at about $182,000. Private Advisor Group LLC acquired a new stake in shares of Invesco Energy Exploration & Production ETF during the first quarter valued at about $233,000. Citadel Advisors LLC purchased a new stake in shares of Invesco Energy Exploration & Production ETF in the 2nd quarter valued at approximately $237,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 1,074 shares during the last quarter.

Invesco Energy Exploration & Production ETF Company Profile

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.