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

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

Institutional Investors Weigh In On Invesco Energy Exploration & Production ETF

Institutional investors have recently modified their holdings of the stock. Foundations Investment Advisors LLC bought a new position in shares of Invesco Energy Exploration & Production ETF during the fourth quarter valued at $5,476,000. Commonwealth Equity Services LLC boosted its stake in Invesco Energy Exploration & Production ETF by 2,201.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 202,564 shares of the company’s stock worth $5,662,000 after purchasing an additional 193,763 shares in the last quarter. Amundi bought a new position in Invesco Energy Exploration & Production ETF in the 1st quarter worth about $1,341,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Invesco Energy Exploration & Production ETF during the 1st quarter valued at about $1,176,000. Finally, PCG Wealth Advisors LLC purchased a new stake in Invesco Energy Exploration & Production ETF during the 3rd quarter valued at about $398,000.

Invesco Energy Exploration & Production ETF Price Performance

PXE stock traded up $0.37 on Tuesday, reaching $40.41. 9,717 shares of the company traded hands, compared to its average volume of 52,467. The firm has a fifty day simple moving average of $36.12 and a 200-day simple moving average of $35.79. The company has a market cap of $88.50 million, a P/E ratio of 10.78 and a beta of 0.49. Invesco Energy Exploration & Production ETF has a one year low of $27.21 and a one year high of $40.74.

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.