Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Short Interest Update

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 10,730 shares, a drop of 37.1% from the July 15th total of 17,066 shares. Based on an average daily trading volume, of 31,272 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the company’s stock are short sold.

Invesco Energy Exploration & Production ETF Stock Performance

Shares of PXE traded up $0.37 on Tuesday, reaching $40.41. The stock had a trading volume of 9,717 shares, compared to its average volume of 52,467. The firm has a market capitalization of $88.50 million, a price-to-earnings ratio of 10.78 and a beta of 0.49. The company has a 50-day simple moving average of $36.12 and a 200-day simple moving average of $35.79. Invesco Energy Exploration & Production ETF has a 12-month low of $27.21 and a 12-month high of $40.74.

Hedge Funds Weigh In On Invesco Energy Exploration & Production ETF

Institutional investors have recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC bought a new stake in shares of Invesco Energy Exploration & Production ETF during the 4th quarter valued at $5,476,000. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Invesco Energy Exploration & Production ETF in the 1st quarter worth about $1,176,000. Amundi bought a new position in shares of Invesco Energy Exploration & Production ETF in the 1st quarter worth about $1,341,000. Bank of Montreal Can purchased a new position in Invesco Energy Exploration & Production ETF during the 4th quarter valued at about $89,000. Finally, Cetera Investment Advisers lifted its position in Invesco Energy Exploration & Production ETF by 0.9% during the 4th quarter. Cetera Investment Advisers now owns 137,466 shares of the company’s stock valued at $3,842,000 after acquiring an additional 1,181 shares during the period.

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.