Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Short Interest Down 40.3% in June

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) was the recipient of a significant 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. Currently, 3.9% of the shares of the company are sold short. Based on an average trading volume of 57,558 shares, the short-interest ratio is presently 2.7 days.

Invesco Leisure and Entertainment ETF Price Performance

PEJ stock traded down $0.05 during trading on Wednesday, hitting $66.52. 19,547 shares of the company traded hands, compared to its average volume of 37,275. Invesco Leisure and Entertainment ETF has a 1 year low of $55.66 and a 1 year high of $67.90. The company has a market cap of $267.41 million, a PE ratio of 20.24 and a beta of 1.08. The stock’s 50-day simple moving average is $62.59 and its 200 day simple moving average is $61.24.

Hedge Funds Weigh In On Invesco Leisure and Entertainment ETF

Several large investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new stake in Invesco Leisure and Entertainment ETF during the third quarter worth $29,000. SHP Wealth Management purchased a new position in Invesco Leisure and Entertainment ETF in the fourth quarter valued at $42,000. Advisory Services Network LLC acquired a new position in shares of Invesco Leisure and Entertainment ETF in the third quarter worth about $52,000. Fifth Third Bancorp purchased a new stake in shares of Invesco Leisure and Entertainment ETF during the 1st quarter worth about $64,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Invesco Leisure and Entertainment ETF during the 4th quarter worth about $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.