Short Interest in Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Decreases By 90.4%

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 950 shares, a decline of 90.4% from the June 30th total of 9,877 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 53,646 shares, the days-to-cover ratio is currently 0.0 days.

Invesco Oil & Gas Services ETF Stock Up 0.9%

PXJ traded up $0.39 during trading on Friday, hitting $42.59. The company’s stock had a trading volume of 10,342 shares, compared to its average volume of 49,840. The firm has a market capitalization of $66.01 million, a P/E ratio of 9.62 and a beta of 0.76. Invesco Oil & Gas Services ETF has a twelve month low of $24.30 and a twelve month high of $47.11. The stock’s fifty day moving average price is $41.86 and its 200-day moving average price is $40.38.

Key Stories Impacting Invesco Oil & Gas Services ETF

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

• Positive Sentiment: Oil prices remain elevated after a surge tied to escalating Middle East and Black Sea shipping risks, which is supportive for oilfield services and drilling-related names like PXJ. Oil prices rise to six-week high as US-Iran tensions escalate
• Positive Sentiment: Reports that physical crude cargoes are jumping and some prices are nearing $110 a barrel suggest tight prompt supply, a backdrop that can lift demand for oil-services companies if producers ramp up activity. Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply
• Positive Sentiment: Multiple outlets noted that oil is still trading near or above the key $100 level despite some profit-taking, keeping the broader energy trade intact and supporting PXJ’s sector exposure. Oil Futures Edge Lower on Likely Technical Correction
• Neutral Sentiment: Stocks broadly stabilized as oil retreated on hopes for peace talks, which may temper some of the recent energy-driven upside if geopolitical risk eases. U.S. Stocks Stabilize as Oil Retreats on Peace Talk Hopes
• Neutral Sentiment: Some analysts warned that oil’s pullback may be a technical correction after the recent spike, suggesting near-term volatility rather than a clear trend reversal. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats 4% On Profit-Taking

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in Invesco Oil & Gas Services ETF by 1,933.6% in the first quarter. Bank of America Corp DE now owns 143,148 shares of the company’s stock worth $5,933,000 after purchasing an additional 136,109 shares during the period. Goldman Sachs Group Inc. raised its stake in Invesco Oil & Gas Services ETF by 1.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 56,392 shares of the company’s stock worth $1,655,000 after buying an additional 937 shares during the period. Tower Research Capital LLC TRC raised its stake in Invesco Oil & Gas Services ETF by 354.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 17,685 shares of the company’s stock worth $482,000 after buying an additional 13,792 shares during the period. Jefferies Financial Group Inc. boosted its holdings in Invesco Oil & Gas Services ETF by 14.2% in the third quarter. Jefferies Financial Group Inc. now owns 15,565 shares of the company’s stock worth $424,000 after acquiring an additional 1,941 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Invesco Oil & Gas Services ETF by 16.2% in the fourth quarter. LPL Financial LLC now owns 15,385 shares of the company’s stock worth $452,000 after acquiring an additional 2,147 shares in the last quarter.

About Invesco Oil & Gas Services ETF

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.