Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Large Drop in Short Interest

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 84,020 shares, a decrease of 44.8% from the April 30th total of 152,146 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 234,106 shares, the short-interest ratio is currently 0.4 days.

Invesco CEF Income Composite ETF Stock Performance

NYSEARCA PCEF traded up $0.05 during trading hours on Tuesday, reaching $20.33. The stock had a trading volume of 142,145 shares, compared to its average volume of 150,703. Invesco CEF Income Composite ETF has a 52-week low of $18.30 and a 52-week high of $20.35. The stock has a fifty day moving average of $19.61 and a 200 day moving average of $19.79. The stock has a market cap of $851.22 million, a P/E ratio of 23.11 and a beta of 0.76.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

Several hedge funds have recently bought and sold shares of PCEF. Royal Bank of Canada boosted its position in Invesco CEF Income Composite ETF by 62.4% in the 4th quarter. Royal Bank of Canada now owns 3,044,256 shares of the company’s stock worth $60,520,000 after purchasing an additional 1,169,654 shares in the last quarter. Larson Financial Group LLC boosted its position in Invesco CEF Income Composite ETF by 55.9% in the 3rd quarter. Larson Financial Group LLC now owns 892,450 shares of the company’s stock worth $17,822,000 after purchasing an additional 320,067 shares in the last quarter. Raymond James Financial Inc. boosted its position in Invesco CEF Income Composite ETF by 13.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,152,972 shares of the company’s stock worth $22,529,000 after purchasing an additional 137,590 shares in the last quarter. Sykon Capital LLC boosted its position in Invesco CEF Income Composite ETF by 76.4% in the 3rd quarter. Sykon Capital LLC now owns 169,758 shares of the company’s stock worth $3,390,000 after purchasing an additional 73,543 shares in the last quarter. Finally, Intrua Financial LLC boosted its position in Invesco CEF Income Composite ETF by 10.5% in the 4th quarter. Intrua Financial LLC now owns 583,845 shares of the company’s stock worth $11,607,000 after purchasing an additional 55,676 shares in the last quarter.

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).