Invesco Energy Exploration & Production ETF (NYSEARCA:PXE – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 58,731 shares, a decrease of 45.3% from the May 31st total of 107,378 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average trading volume of 123,463 shares, the short-interest ratio is currently 0.5 days.
Invesco Energy Exploration & Production ETF Stock Performance
Shares of Invesco Energy Exploration & Production ETF stock traded up $0.35 during trading on Thursday, hitting $34.09. 16,845 shares of the company’s stock were exchanged, compared to its average volume of 59,917. The business has a 50-day simple moving average of $36.06 and a 200-day simple moving average of $33.81. Invesco Energy Exploration & Production ETF has a 52-week low of $27.21 and a 52-week high of $40.74. The stock has a market capitalization of $79.43 million, a price-to-earnings ratio of 10.78 and a beta of 0.49.
Hedge Funds Weigh In On Invesco Energy Exploration & Production ETF
A number of institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new stake in shares of Invesco Energy Exploration & Production ETF in the first quarter worth about $50,000. Bank of Montreal Can purchased a new position in Invesco Energy Exploration & Production ETF during the fourth quarter valued at approximately $89,000. Sunbelt Securities Inc. purchased a new position in Invesco Energy Exploration & Production ETF during the first quarter valued at approximately $182,000. Private Advisor Group LLC acquired a new position in Invesco Energy Exploration & Production ETF in the first quarter valued at approximately $233,000. Finally, Osaic Holdings Inc. lifted its holdings in Invesco Energy Exploration & Production ETF by 9.7% in the second quarter. Osaic Holdings Inc. now owns 10,039 shares of the company’s stock valued at $281,000 after acquiring an additional 891 shares during the period.
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.
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