Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Shares Shorted: Short Interest Down 41.0% in September

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 86,623 shares, a drop of 41.0% from the August 31st total of 146,870 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 87,487 shares, the short-interest ratio is presently 1.0 days.

Invesco Leisure and Entertainment ETF Trading Down 0.2%

Invesco Leisure and Entertainment ETF stock traded down $0.13 during trading on Wednesday, hitting $62.55. 13,828 shares of the company were exchanged, compared to its average volume of 48,279. The company has a market capitalization of $363.42 million, a P/E ratio of 20.24 and a beta of 1.06. The business’s 50 day moving average is $65.54 and its 200 day moving average is $63.32. Invesco Leisure and Entertainment ETF has a 52 week low of $55.66 and a 52 week high of $69.43.

Institutional Investors Weigh In On Invesco Leisure and Entertainment ETF

Several large investors have recently made changes to their positions in PEJ. SHP Wealth Management purchased a new stake in Invesco Leisure and Entertainment ETF during the fourth quarter worth about $42,000. Fifth Third Bancorp purchased a new stake in shares of Invesco Leisure and Entertainment ETF during the first quarter worth $64,000. IFP Advisors Inc boosted its stake in Invesco Leisure and Entertainment ETF by 15.7% in the 2nd quarter. IFP Advisors Inc now owns 1,862 shares of the company’s stock worth $124,000 after purchasing an additional 252 shares during the period. Gateway Wealth Partners LLC boosted its position in shares of Invesco Leisure and Entertainment ETF by 105.4% in the first quarter. Gateway Wealth Partners LLC now owns 10,594 shares of the company’s stock valued at $614,000 after acquiring an additional 5,437 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Invesco Leisure and Entertainment ETF by 45.3% during the 1st quarter. Royal Bank of Canada now owns 14,572 shares of the company’s stock valued at $844,000 after purchasing an additional 4,546 shares in the last quarter.

Invesco Leisure and Entertainment ETF Company Profile

PowerShares Dynamic Leisure and Entertainment Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Leisure and Entertainment Intellidex Index (the Index). The Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States leisure and entertainment companies.