Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 262,420 shares, an increase of 162.9% from the April 30th total of 99,828 shares. Based on an average daily trading volume, of 41,541 shares, the short-interest ratio is currently 6.3 days. Approximately 6.5% of the company’s shares are short sold.
Hedge Funds Weigh In On Invesco Leisure and Entertainment ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. Qube Research & Technologies Ltd purchased a new position in Invesco Leisure and Entertainment ETF during the 3rd quarter valued at $29,000. Advisors Preferred LLC purchased a new stake in shares of Invesco Leisure and Entertainment ETF in the 3rd quarter worth about $30,000. SHP Wealth Management bought a new stake in shares of Invesco Leisure and Entertainment ETF during the 4th quarter valued at about $42,000. Advisory Services Network LLC purchased a new position in shares of Invesco Leisure and Entertainment ETF during the third quarter valued at about $52,000. Finally, Fifth Third Bancorp purchased a new position in shares of Invesco Leisure and Entertainment ETF during the first quarter valued at about $64,000.
Invesco Leisure and Entertainment ETF Stock Up 0.2%
Shares of PEJ traded up $0.11 during trading hours on Friday, hitting $62.84. The company had a trading volume of 82,472 shares, compared to its average volume of 34,044. Invesco Leisure and Entertainment ETF has a 52-week low of $52.67 and a 52-week high of $64.55. The stock’s 50 day moving average price is $60.14 and its 200 day moving average price is $60.21. The firm has a market cap of $252.62 million, a P/E ratio of 20.24 and a beta of 1.09.
About Invesco Leisure and Entertainment ETF
PowerShares Dynamic Leisure and Entertainment Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Leisure and Entertainment Intellidex Index (the Index). The Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States leisure and entertainment companies.
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