Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Sees Large Growth in Short Interest

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 17,066 shares, a growth of 651.5% from the June 30th total of 2,271 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 30,302 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PXE. Foundations Investment Advisors LLC acquired a new position in Invesco Energy Exploration & Production ETF during the fourth quarter worth $5,476,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in Invesco Energy Exploration & Production ETF during the first quarter valued at $1,176,000. Private Advisor Group LLC acquired a new stake in shares of Invesco Energy Exploration & Production ETF in the first quarter valued at about $233,000. Mraz Amerine & Associates Inc. grew its position in shares of Invesco Energy Exploration & Production ETF by 4.8% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 55,902 shares of the company’s stock valued at $1,562,000 after purchasing an additional 2,556 shares during the period. Finally, PCG Wealth Advisors LLC acquired a new stake in shares of Invesco Energy Exploration & Production ETF in the third quarter valued at about $398,000.

Invesco Energy Exploration & Production ETF Trading Down 0.6%

Shares of PXE stock opened at $37.95 on Friday. Invesco Energy Exploration & Production ETF has a 12-month low of $27.21 and a 12-month high of $40.74. The business’s 50 day moving average is $35.78 and its two-hundred day moving average is $34.67. The company has a market capitalization of $88.04 million, a P/E ratio of 10.78 and a beta of 0.48.

Invesco Energy Exploration & Production ETF Company Profile

PowerShares Dynamic Energy Exploration & Production Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Exploration & Production Intellidex Index (the Index). The Index evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.