Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Sees Large Drop in Short Interest

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 12,678 shares, a drop of 60.8% from the August 15th total of 32,380 shares. Based on an average trading volume of 133,845 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.9% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco Oil & Gas Services ETF

Large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in Invesco Oil & Gas Services ETF in the 2nd quarter valued at approximately $51,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco Oil & Gas Services ETF during the second quarter worth $42,000. Quantinno Capital Management LP purchased a new stake in shares of Invesco Oil & Gas Services ETF during the first quarter worth $240,000. MinichMacGregor Wealth Management LLC acquired a new stake in shares of Invesco Oil & Gas Services ETF in the first quarter valued at $376,000. Finally, Independent Financial Group LLC acquired a new stake in shares of Invesco Oil & Gas Services ETF in the first quarter valued at $460,000.

Invesco Oil & Gas Services ETF Stock Up 0.6%

NYSEARCA:PXJ traded up $0.28 on Friday, reaching $47.37. 14,369 shares of the company’s stock were exchanged, compared to its average volume of 53,025. The firm has a market capitalization of $69.63 million, a price-to-earnings ratio of 9.62 and a beta of 0.78. The business has a fifty day moving average of $43.84 and a 200-day moving average of $42.75. Invesco Oil & Gas Services ETF has a 52-week low of $25.56 and a 52-week high of $48.28.

Key Stories Impacting Invesco Oil & Gas Services ETF

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

• Positive Sentiment: Supply concerns remain the dominant bullish catalyst. Attacks and disruptions involving Iran, Yemen, the Red Sea and the Strait of Hormuz have raised fears of prolonged Middle East export interruptions. The IEA also warned that delayed normalization of Gulf flows could deepen the 2026 supply gap. IEA warns of deeper oil supply gap
• Positive Sentiment: Chevron’s CEO said depleted crude inventories and limited spare buffers could push prices higher over the next several months. Higher and more sustained oil prices may encourage producers to increase drilling and spending on services. Chevron CEO discusses oil prices
• Positive Sentiment: PXJ also received a technical sentiment boost from a 60.8% decline in reported short interest during August. Short interest fell to 12,678 shares, or 0.9% of shares outstanding, reducing potential selling pressure.
• Positive Sentiment: The White House is considering using the Defense Production Act to expand U.S. refining capacity, highlighting policymakers’ focus on energy security. Increased domestic energy investment could eventually benefit oilfield-services providers, though the timing is uncertain. White House considers expanding refining capacity
• Neutral Sentiment: Oil prices pulled back after a powerful rally as Gulf countries reportedly prepared to discuss the Strait of Hormuz with Iran. The retreat limits the immediate boost to PXJ, but prices remain elevated while geopolitical risks persist. Oil retreats as Gulf countries prepare talks
• Negative Sentiment: OPEC reduced its 2026 oil-demand growth forecast for the fifth consecutive time, to 380,000 barrels per day from 580,000. Slower demand growth could eventually pressure producer activity and oilfield-services spending. OPEC lowers oil-demand forecast

About Invesco Oil & Gas Services ETF

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.