Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Short Interest Update

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 950 shares, a decline of 90.4% from the June 30th total of 9,877 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 53,646 shares, the short-interest ratio is presently 0.0 days.

Invesco Oil & Gas Services ETF News Roundup

Here are the key news stories impacting Invesco Oil & Gas Services ETF this week:

• Positive Sentiment: Oil prices remain elevated after a surge tied to escalating Middle East and Black Sea shipping risks, which is supportive for oilfield services and drilling-related names like PXJ. Oil prices rise to six-week high as US-Iran tensions escalate
• Positive Sentiment: Reports that physical crude cargoes are jumping and some prices are nearing $110 a barrel suggest tight prompt supply, a backdrop that can lift demand for oil-services companies if producers ramp up activity. Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply
• Positive Sentiment: Multiple outlets noted that oil is still trading near or above the key $100 level despite some profit-taking, keeping the broader energy trade intact and supporting PXJ’s sector exposure. Oil Futures Edge Lower on Likely Technical Correction
• Neutral Sentiment: Stocks broadly stabilized as oil retreated on hopes for peace talks, which may temper some of the recent energy-driven upside if geopolitical risk eases. U.S. Stocks Stabilize as Oil Retreats on Peace Talk Hopes
• Neutral Sentiment: Some analysts warned that oil’s pullback may be a technical correction after the recent spike, suggesting near-term volatility rather than a clear trend reversal. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats 4% On Profit-Taking

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PXJ. Raymond James Financial Inc. bought a new position in shares of Invesco Oil & Gas Services ETF in the second quarter valued at $42,000. Jefferies Financial Group Inc. boosted its stake in shares of Invesco Oil & Gas Services ETF by 14.2% during the 3rd quarter. Jefferies Financial Group Inc. now owns 15,565 shares of the company’s stock worth $424,000 after acquiring an additional 1,941 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Invesco Oil & Gas Services ETF by 354.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 17,685 shares of the company’s stock worth $482,000 after acquiring an additional 13,792 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of Invesco Oil & Gas Services ETF in the 4th quarter worth $47,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Invesco Oil & Gas Services ETF by 1.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 56,392 shares of the company’s stock worth $1,655,000 after acquiring an additional 937 shares during the last quarter.

Invesco Oil & Gas Services ETF Trading Up 0.9%

Shares of NYSEARCA PXJ traded up $0.39 during midday trading on Friday, reaching $42.59. The company’s stock had a trading volume of 10,342 shares, compared to its average volume of 49,840. The company has a 50 day moving average price of $41.91 and a 200 day moving average price of $40.36. Invesco Oil & Gas Services ETF has a one year low of $24.30 and a one year high of $47.11. The company has a market cap of $66.01 million, a price-to-earnings ratio of 9.62 and a beta of 0.76.

Invesco Oil & Gas Services ETF Company Profile

The Invesco Dynamic Oil & Gas Services ETF (PXJ) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of US companies in the oil and gas services sector that are weighted in tiers. The index uses a multi-factor methodology to select holdings. PXJ was launched on Oct 26, 2005 and is managed by Invesco.