Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Sees Large Drop in Short Interest

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 12,678 shares, a decrease of 60.8% from the August 15th total of 32,380 shares. Based on an average daily volume of 133,845 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.9% of the company’s stock are sold short.

Trending Headlines about Invesco Oil & Gas Services ETF

Here are the key news stories impacting Invesco Oil & Gas Services ETF this week:

• Positive Sentiment: Supply concerns remain the dominant bullish catalyst. Attacks and disruptions involving Iran, Yemen, the Red Sea and the Strait of Hormuz have raised fears of prolonged Middle East export interruptions. The IEA also warned that delayed normalization of Gulf flows could deepen the 2026 supply gap. IEA warns of deeper oil supply gap
• Positive Sentiment: Chevron’s CEO said depleted crude inventories and limited spare buffers could push prices higher over the next several months. Higher and more sustained oil prices may encourage producers to increase drilling and spending on services. Chevron CEO discusses oil prices
• Positive Sentiment: PXJ also received a technical sentiment boost from a 60.8% decline in reported short interest during August. Short interest fell to 12,678 shares, or 0.9% of shares outstanding, reducing potential selling pressure.
• Positive Sentiment: The White House is considering using the Defense Production Act to expand U.S. refining capacity, highlighting policymakers’ focus on energy security. Increased domestic energy investment could eventually benefit oilfield-services providers, though the timing is uncertain. White House considers expanding refining capacity
• Neutral Sentiment: Oil prices pulled back after a powerful rally as Gulf countries reportedly prepared to discuss the Strait of Hormuz with Iran. The retreat limits the immediate boost to PXJ, but prices remain elevated while geopolitical risks persist. Oil retreats as Gulf countries prepare talks
• Negative Sentiment: OPEC reduced its 2026 oil-demand growth forecast for the fifth consecutive time, to 380,000 barrels per day from 580,000. Slower demand growth could eventually pressure producer activity and oilfield-services spending. OPEC lowers oil-demand forecast

Invesco Oil & Gas Services ETF Stock Performance

PXJ stock traded up $0.28 during mid-day trading on Friday, reaching $47.37. The company had a trading volume of 14,369 shares, compared to its average volume of 53,025. The firm has a fifty day simple moving average of $43.84 and a 200 day simple moving average of $42.75. The company has a market capitalization of $69.63 million, a price-to-earnings ratio of 9.62 and a beta of 0.78. Invesco Oil & Gas Services ETF has a fifty-two week low of $25.56 and a fifty-two week high of $48.28.

Institutional Trading of Invesco Oil & Gas Services ETF

A number of institutional investors have recently bought and sold shares of PXJ. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco Oil & Gas Services ETF during the 2nd quarter worth about $51,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco Oil & Gas Services ETF during the 2nd quarter worth about $42,000. Quantinno Capital Management LP acquired a new stake in shares of Invesco Oil & Gas Services ETF during the 1st quarter worth about $240,000. MinichMacGregor Wealth Management LLC purchased a new stake in Invesco Oil & Gas Services ETF during the first quarter worth approximately $376,000. Finally, Independent Financial Group LLC acquired a new position in Invesco Oil & Gas Services ETF in the first quarter valued at approximately $460,000.

Invesco Oil & Gas Services ETF Company Profile

The Invesco Dynamic Oil & Gas Services ETF (PXJ) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of US companies in the oil and gas services sector that are weighted in tiers. The index uses a multi-factor methodology to select holdings. PXJ was launched on Oct 26, 2005 and is managed by Invesco.