Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Stock Short Interest Jumps 1,055.6%

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 125,214 shares, a growth of 1,055.6% from the September 15th total of 10,835 shares. Based on an average daily trading volume, of 167,985 shares, the short-interest ratio is presently 0.7 days. Approximately 3.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PXE. Envestnet Asset Management Inc. grew its position in Invesco Energy Exploration & Production ETF by 15.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,233 shares of the company’s stock valued at $279,000 after acquiring an additional 1,074 shares in the last quarter. Mraz Amerine & Associates Inc. boosted its position in shares of Invesco Energy Exploration & Production ETF by 6.1% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 60,488 shares of the company’s stock valued at $2,049,000 after purchasing an additional 3,453 shares during the period. Citadel Advisors LLC purchased a new stake in Invesco Energy Exploration & Production ETF in the 2nd quarter valued at $237,000. Western Wealth Management LLC purchased a new position in Invesco Energy Exploration & Production ETF in the 1st quarter valued at $50,000. Finally, Sunbelt Securities Inc. purchased a new position in Invesco Energy Exploration & Production ETF in the first quarter worth $182,000.

Invesco Energy Exploration & Production ETF Stock Performance

Shares of PXE traded down $0.45 during mid-day trading on Friday, hitting $42.42. 68,086 shares of the company traded hands, compared to its average volume of 55,660. Invesco Energy Exploration & Production ETF has a 1 year low of $27.21 and a 1 year high of $44.01. The stock has a 50-day moving average price of $40.57 and a two-hundred day moving average price of $37.93. The stock has a market cap of $150.59 million, a price-to-earnings ratio of 10.78 and a beta of 0.59.

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.