Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Shares Shorted: Short Interest Down 41.0% in September

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 86,623 shares, a drop of 41.0% from the August 31st total of 146,870 shares. Based on an average trading volume of 87,487 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.5% of the company’s shares are sold short.

Institutional Trading of Invesco Leisure and Entertainment ETF

Several hedge funds and other institutional investors have recently modified their holdings of PEJ. Prudential PLC lifted its holdings in Invesco Leisure and Entertainment ETF by 8.1% during the 4th quarter. Prudential PLC now owns 98,600 shares of the company’s stock worth $6,047,000 after purchasing an additional 7,400 shares during the last quarter. Gateway Wealth Partners LLC grew its position in Invesco Leisure and Entertainment ETF by 105.4% during the 1st quarter. Gateway Wealth Partners LLC now owns 10,594 shares of the company’s stock worth $614,000 after acquiring an additional 5,437 shares during the last quarter. Royal Bank of Canada increased its position in Invesco Leisure and Entertainment ETF by 45.3% in the 1st quarter. Royal Bank of Canada now owns 14,572 shares of the company’s stock valued at $844,000 after acquiring an additional 4,546 shares during the period. Kwmg LLC raised its position in shares of Invesco Leisure and Entertainment ETF by 3.3% during the second quarter. Kwmg LLC now owns 40,693 shares of the company’s stock worth $2,709,000 after acquiring an additional 1,287 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in Invesco Leisure and Entertainment ETF in the first quarter valued at $64,000.

Invesco Leisure and Entertainment ETF Trading Down 0.2%

Shares of PEJ stock traded down $0.13 on Wednesday, hitting $62.55. The stock had a trading volume of 13,828 shares, compared to its average volume of 48,279. Invesco Leisure and Entertainment ETF has a twelve month low of $55.66 and a twelve month high of $69.43. The firm has a market cap of $363.42 million, a P/E ratio of 20.24 and a beta of 1.06. The company has a fifty day moving average price of $65.54 and a two-hundred day moving average price of $63.32.

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.