Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ – Get Free Report) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 158,228 shares, a drop of 40.3% from the May 31st total of 264,967 shares. Approximately 3.9% of the company’s stock are short sold. Based on an average daily trading volume, of 57,558 shares, the days-to-cover ratio is presently 2.7 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco Leisure and Entertainment ETF by 2,889.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 297,918 shares of the company’s stock worth $18,271,000 after purchasing an additional 287,952 shares during the last quarter. Bank of America Corp DE boosted its position in Invesco Leisure and Entertainment ETF by 1.8% during the third quarter. Bank of America Corp DE now owns 203,925 shares of the company’s stock valued at $12,354,000 after purchasing an additional 3,515 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Invesco Leisure and Entertainment ETF by 493.7% in the first quarter. Goldman Sachs Group Inc. now owns 185,696 shares of the company’s stock valued at $9,034,000 after purchasing an additional 154,420 shares during the last quarter. Prudential PLC grew its stake in Invesco Leisure and Entertainment ETF by 8.1% in the fourth quarter. Prudential PLC now owns 98,600 shares of the company’s stock valued at $6,047,000 after purchasing an additional 7,400 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Invesco Leisure and Entertainment ETF by 301.1% in the first quarter. Royal Bank of Canada now owns 81,098 shares of the company’s stock worth $3,946,000 after purchasing an additional 60,881 shares in the last quarter.
Invesco Leisure and Entertainment ETF Stock Performance
NYSEARCA:PEJ traded down $0.05 during trading hours on Wednesday, reaching $66.52. The company’s stock had a trading volume of 19,547 shares, compared to its average volume of 37,275. The company has a market capitalization of $267.41 million, a P/E ratio of 20.24 and a beta of 1.08. Invesco Leisure and Entertainment ETF has a 12 month low of $55.66 and a 12 month high of $67.90. The stock has a 50 day moving average price of $62.59 and a two-hundred day moving average price of $61.24.
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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