Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Sees Large Decrease in Short Interest

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 7,074 shares, a decline of 34.1% from the July 30th total of 10,730 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 12,673 shares, the short-interest ratio is currently 0.6 days.

Invesco Energy Exploration & Production ETF Price Performance

Invesco Energy Exploration & Production ETF stock traded down $0.11 during mid-day trading on Wednesday, hitting $41.90. The company’s stock had a trading volume of 1,086 shares, compared to its average volume of 50,156. The firm’s 50 day moving average is $37.46 and its 200 day moving average is $36.55. The company has a market cap of $91.76 million, a PE ratio of 10.78 and a beta of 0.49. Invesco Energy Exploration & Production ETF has a 52-week low of $27.21 and a 52-week high of $42.01.

Institutional Trading of Invesco Energy Exploration & Production ETF

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in Invesco Energy Exploration & Production ETF in the 2nd quarter valued at approximately $237,000. Western Wealth Management LLC acquired a new stake in shares of Invesco Energy Exploration & Production ETF during the 1st quarter valued at $50,000. Sunbelt Securities Inc. purchased a new position in shares of Invesco Energy Exploration & Production ETF during the 1st quarter valued at $182,000. Amundi acquired a new position in shares of Invesco Energy Exploration & Production ETF in the first quarter worth $1,341,000. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Invesco Energy Exploration & Production ETF in the first quarter worth $1,176,000.

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.