Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Stock Short Interest Report for September

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the recipient of a significant decline in short interest in 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. Based on an average daily trading volume, of 4,240 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

Shares of PXI stock traded down $1.36 during mid-day trading on Thursday, reaching $65.03. The company’s stock had a trading volume of 11,344 shares, compared to its average volume of 17,581. Invesco Dorsey Wright Energy Momentum ETF has a 1-year low of $44.56 and a 1-year high of $67.51. The company has a market cap of $77.39 million, a P/E ratio of 17.22 and a beta of 0.75. The firm’s 50-day moving average is $63.57 and its two-hundred day moving average is $59.91.

Institutional Trading of Invesco Dorsey Wright Energy Momentum ETF

Institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its holdings in Invesco Dorsey Wright Energy Momentum ETF by 90.5% during the second 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 in the last quarter. Nwam LLC bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the 2nd quarter valued at approximately $155,000. JNBA Financial Advisors bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the 2nd quarter valued at approximately $148,000. Bank of America Corp DE grew its stake in shares of Invesco Dorsey Wright Energy Momentum ETF by 31.1% in the 1st quarter. Bank of America Corp DE now owns 46,068 shares of the company’s stock valued at $2,743,000 after purchasing an additional 10,930 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Invesco Dorsey Wright Energy Momentum ETF by 1,797.9% in the 1st quarter. Royal Bank of Canada now owns 7,079 shares of the company’s stock worth $422,000 after buying an additional 6,706 shares in the last quarter.

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.