Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Sees Significant Decrease in Short Interest

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,271 shares, a drop of 96.1% from the June 15th total of 58,731 shares. Based on an average daily volume of 63,415 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

Invesco Energy Exploration & Production ETF Stock Performance

NYSEARCA:PXE traded down $0.19 during midday trading on Friday, reaching $34.78. 5,973 shares of the stock traded hands, compared to its average volume of 58,167. The company has a fifty day moving average of $35.78 and a 200 day moving average of $34.04. Invesco Energy Exploration & Production ETF has a 12 month low of $27.21 and a 12 month high of $40.74. The stock has a market capitalization of $77.91 million, a P/E ratio of 10.78 and a beta of 0.48.

Hedge Funds Weigh In On Invesco Energy Exploration & Production ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Foundations Investment Advisors LLC purchased a new stake in shares of Invesco Energy Exploration & Production ETF during the fourth quarter worth about $5,476,000. Mraz Amerine & Associates Inc. increased its holdings in Invesco Energy Exploration & Production ETF by 4.8% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 55,902 shares of the company’s stock valued at $1,562,000 after purchasing an additional 2,556 shares during the period. IHT Wealth Management LLC purchased a new position in Invesco Energy Exploration & Production ETF during the 4th quarter valued at about $368,000. Bank of Montreal Can bought a new position in Invesco Energy Exploration & Production ETF during the 4th quarter valued at approximately $89,000. Finally, Susquehanna International Group LLP bought a new position in Invesco Energy Exploration & Production ETF during the 3rd quarter valued at approximately $304,000.

About Invesco Energy Exploration & Production ETF

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.