Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Sees Significant Increase in Short Interest

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 262,420 shares, an increase of 162.9% from the April 30th total of 99,828 shares. Currently, 6.5% of the company’s stock are short sold. Based on an average daily volume of 41,541 shares, the days-to-cover ratio is presently 6.3 days.

Hedge Funds Weigh In On Invesco Leisure and Entertainment ETF

A number of hedge funds have recently bought and sold shares of PEJ. Qube Research & Technologies Ltd bought a new position in shares of Invesco Leisure and Entertainment ETF in the third quarter worth approximately $29,000. Advisors Preferred LLC bought a new stake in shares of Invesco Leisure and Entertainment ETF during the third quarter valued at approximately $30,000. SHP Wealth Management bought a new stake in shares of Invesco Leisure and Entertainment ETF during the fourth quarter valued at approximately $42,000. Advisory Services Network LLC purchased a new position in Invesco Leisure and Entertainment ETF in the 3rd quarter worth approximately $52,000. Finally, Fifth Third Bancorp purchased a new position in Invesco Leisure and Entertainment ETF in the 1st quarter worth approximately $64,000.

Invesco Leisure and Entertainment ETF Trading Up 0.2%

Invesco Leisure and Entertainment ETF stock traded up $0.11 on Friday, hitting $62.84. 82,472 shares of the stock traded hands, compared to its average volume of 34,044. The firm has a market cap of $252.62 million, a P/E ratio of 20.24 and a beta of 1.09. The business’s fifty day simple moving average is $60.14 and its 200 day simple moving average is $60.21. Invesco Leisure and Entertainment ETF has a 1 year low of $52.67 and a 1 year high of $64.55.

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.