Invesco Energy Exploration & Production ETF (NYSEARCA:PXE – Get Free Report) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 7,074 shares, a drop of 34.1% from the July 30th total of 10,730 shares. Based on an average daily volume of 12,673 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short.
Invesco Energy Exploration & Production ETF Price Performance
Shares of NYSEARCA PXE opened at $42.15 on Thursday. The business has a 50-day moving average of $37.63 and a two-hundred day moving average of $36.63. The company has a market capitalization of $92.31 million, a price-to-earnings ratio of 10.78 and a beta of 0.49. Invesco Energy Exploration & Production ETF has a 1 year low of $27.21 and a 1 year high of $42.51.
Institutional Trading of Invesco Energy Exploration & Production ETF
A number of large investors have recently made changes to their positions in PXE. Western Wealth Management LLC acquired a new stake in Invesco Energy Exploration & Production ETF during the 1st quarter worth $50,000. Bank of Montreal Can purchased a new position in Invesco Energy Exploration & Production ETF in the fourth quarter worth $89,000. Sunbelt Securities Inc. acquired a new stake in Invesco Energy Exploration & Production ETF in the first quarter valued at $182,000. Private Advisor Group LLC purchased a new stake in shares of Invesco Energy Exploration & Production ETF during the 1st quarter worth $233,000. Finally, Citadel Advisors LLC acquired a new position in shares of Invesco Energy Exploration & Production ETF during the 2nd quarter worth $237,000.
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.
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