Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Shares Shorted: Short Interest Down 46.0% in September

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 1,519 shares, a decrease of 46.0% from the September 15th total of 2,811 shares. Based on an average daily volume of 4,240 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Invesco Dorsey Wright Energy Momentum ETF Stock Down 0.7%

Shares of PXI stock traded down $0.50 during mid-day trading on Wednesday, reaching $66.93. 619 shares of the stock traded hands, compared to its average volume of 17,452. The stock’s fifty day simple moving average is $63.39 and its two-hundred day simple moving average is $59.87. Invesco Dorsey Wright Energy Momentum ETF has a 1-year low of $44.56 and a 1-year high of $67.51. The company has a market cap of $65.59 million, a price-to-earnings ratio of 17.22 and a beta of 0.75.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Advisors Preferred LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the 1st quarter valued at approximately $25,000. JNBA Financial Advisors acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the second quarter worth $148,000. Nwam LLC acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the second quarter worth $155,000. Silver Oak Securities Incorporated bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the first quarter worth $355,000. Finally, Royal Bank of Canada grew its stake in shares of Invesco Dorsey Wright Energy Momentum ETF by 1,797.9% in the first quarter. Royal Bank of Canada now owns 7,079 shares of the company’s stock worth $422,000 after purchasing an additional 6,706 shares during the last quarter.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.