Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Short Interest Update

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 84,020 shares, a decrease of 44.8% from the April 30th total of 152,146 shares. Based on an average trading volume of 234,106 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new position in Invesco CEF Income Composite ETF in the first quarter valued at approximately $154,000. Bank of America Corp DE lifted its holdings in Invesco CEF Income Composite ETF by 1.4% in the first quarter. Bank of America Corp DE now owns 951,608 shares of the company’s stock valued at $17,909,000 after acquiring an additional 13,458 shares during the last quarter. Independent Financial Group LLC acquired a new position in Invesco CEF Income Composite ETF in the first quarter valued at approximately $494,000. Adell Harriman & Carpenter Inc. lifted its holdings in Invesco CEF Income Composite ETF by 10.8% in the first quarter. Adell Harriman & Carpenter Inc. now owns 191,374 shares of the company’s stock valued at $3,602,000 after acquiring an additional 18,726 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in Invesco CEF Income Composite ETF in the first quarter valued at approximately $399,000.

Invesco CEF Income Composite ETF Stock Performance

PCEF opened at $20.18 on Thursday. Invesco CEF Income Composite ETF has a one year low of $18.30 and a one year high of $20.35. The stock has a market capitalization of $844.94 million, a PE ratio of 23.11 and a beta of 0.76. The business’s 50 day moving average price is $19.66 and its 200 day moving average price is $19.79.

About Invesco CEF Income Composite ETF

PowerShares CEF Income Composite Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index. The Index tracks the overall performance of a global universe of United States listed closed-end funds that are organized under the laws of the United States selected by S-Network Global Indexes LLC (the Index Provider).