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

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 159,948 shares, a growth of 408.5% from the August 15th total of 31,453 shares. Based on an average daily volume of 101,097 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.4% of the shares of the stock are short sold.

Invesco CEF Income Composite ETF Stock Performance

NYSEARCA PCEF traded up $0.03 during mid-day trading on Friday, reaching $19.97. 35,403 shares of the stock were exchanged, compared to its average volume of 134,257. Invesco CEF Income Composite ETF has a 1-year low of $18.30 and a 1-year high of $20.60. The business’s fifty day simple moving average is $20.24 and its 200 day simple moving average is $19.92. The stock has a market capitalization of $799.20 million, a PE ratio of 23.11 and a beta of 0.76.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PCEF. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco CEF Income Composite ETF during the 2nd quarter worth about $49,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Invesco CEF Income Composite ETF during the second quarter worth about $25,000. GAMMA Investing LLC boosted its position in Invesco CEF Income Composite ETF by 129.6% during the 2nd quarter. GAMMA Investing LLC now owns 13,027 shares of the company’s stock valued at $265,000 after purchasing an additional 7,354 shares during the period. Western Wealth Management LLC acquired a new position in shares of Invesco CEF Income Composite ETF during the first quarter valued at $154,000. Finally, Bank of America Corp DE grew its position in Invesco CEF Income Composite ETF by 1.4% in the 1st quarter. Bank of America Corp DE now owns 951,608 shares of the company’s stock worth $17,909,000 after purchasing an additional 13,458 shares during the last quarter.

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).