Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Short Interest Down 45.3% in June

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 58,731 shares, a drop of 45.3% from the May 31st total of 107,378 shares. Based on an average trading volume of 123,463 shares, the short-interest ratio is currently 0.5 days. Approximately 1.8% of the shares of the stock are sold short.

Invesco Energy Exploration & Production ETF Stock Down 0.4%

Shares of PXE traded down $0.14 on Wednesday, reaching $33.74. The stock had a trading volume of 54,305 shares, compared to its average volume of 60,265. Invesco Energy Exploration & Production ETF has a twelve month low of $27.21 and a twelve month high of $40.74. The firm has a market capitalization of $112.35 million, a PE ratio of 10.78 and a beta of 0.48. The firm has a 50-day moving average of $36.12 and a 200 day moving average of $33.75.

Hedge Funds Weigh In On Invesco Energy Exploration & Production ETF

Several hedge funds have recently added to or reduced their stakes in PXE. Western Wealth Management LLC acquired a new stake in shares of Invesco Energy Exploration & Production ETF in the first quarter valued at approximately $50,000. Bank of Montreal Can purchased a new position in Invesco Energy Exploration & Production ETF during the fourth quarter worth $89,000. Sunbelt Securities Inc. acquired a new position in shares of Invesco Energy Exploration & Production ETF in the first quarter worth $182,000. Private Advisor Group LLC acquired a new position in shares of Invesco Energy Exploration & Production ETF in the first quarter worth $233,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Invesco Energy Exploration & Production ETF in the third quarter worth $294,000.

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.