Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Shares Shorted: Short Interest Down 46.0% in September

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,519 shares, a decline of 46.0% from the September 15th total of 2,811 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 4,240 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its stake in shares of Invesco Dorsey Wright Energy Momentum ETF by 1,909.3% in the first quarter. Janney Montgomery Scott LLC now owns 110,613 shares of the company’s stock worth $6,587,000 after acquiring an additional 105,108 shares during the period. Bank of America Corp DE boosted its holdings in Invesco Dorsey Wright Energy Momentum ETF by 31.1% in the first quarter. Bank of America Corp DE now owns 46,068 shares of the company’s stock valued at $2,743,000 after acquiring an additional 10,930 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Invesco Dorsey Wright Energy Momentum ETF by 90.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,680 shares of the company’s stock valued at $423,000 after purchasing an additional 3,648 shares during the period. Royal Bank of Canada increased its position in Invesco Dorsey Wright Energy Momentum ETF by 1,797.9% during the 1st quarter. Royal Bank of Canada now owns 7,079 shares of the company’s stock valued at $422,000 after purchasing an additional 6,706 shares during the period. Finally, Silver Oak Securities Incorporated acquired a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 1st quarter valued at approximately $355,000.

Invesco Dorsey Wright Energy Momentum ETF Stock Down 0.7%

Shares of NASDAQ PXI traded down $0.50 during trading on Wednesday, reaching $66.93. The company had a trading volume of 619 shares, compared to its average volume of 17,452. The company’s fifty day moving average price is $63.39 and its 200-day moving average price is $59.87. Invesco Dorsey Wright Energy Momentum ETF has a 12 month low of $44.56 and a 12 month high of $67.51. The stock has a market cap of $65.59 million, a P/E ratio of 17.22 and a beta of 0.75.

About Invesco Dorsey Wright Energy Momentum ETF

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.