Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 86,623 shares, a decline of 41.0% from the August 31st total of 146,870 shares. Based on an average daily volume of 87,487 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.5% of the company’s shares are short sold.
Institutional Investors Weigh In On Invesco Leisure and Entertainment ETF
A number of large investors have recently added to or reduced their stakes in PEJ. Prudential PLC boosted its holdings in shares of Invesco Leisure and Entertainment ETF by 8.1% during the fourth quarter. Prudential PLC now owns 98,600 shares of the company’s stock worth $6,047,000 after purchasing an additional 7,400 shares during the period. Kwmg LLC raised its position in Invesco Leisure and Entertainment ETF by 3.3% during the 2nd quarter. Kwmg LLC now owns 40,693 shares of the company’s stock valued at $2,709,000 after purchasing an additional 1,287 shares during the last quarter. Royal Bank of Canada raised its position in Invesco Leisure and Entertainment ETF by 45.3% during the 1st quarter. Royal Bank of Canada now owns 14,572 shares of the company’s stock valued at $844,000 after purchasing an additional 4,546 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in Invesco Leisure and Entertainment ETF by 105.4% in the 1st quarter. Gateway Wealth Partners LLC now owns 10,594 shares of the company’s stock worth $614,000 after buying an additional 5,437 shares during the period. Finally, IFP Advisors Inc lifted its holdings in Invesco Leisure and Entertainment ETF by 15.7% in the 2nd quarter. IFP Advisors Inc now owns 1,862 shares of the company’s stock worth $124,000 after buying an additional 252 shares during the period.
Invesco Leisure and Entertainment ETF Trading Up 0.9%
Shares of NYSEARCA:PEJ traded up $0.54 during trading on Friday, reaching $62.36. 2,019 shares of the company traded hands, compared to its average volume of 47,948. Invesco Leisure and Entertainment ETF has a 52-week low of $55.66 and a 52-week high of $69.43. The firm has a market capitalization of $356.69 million, a price-to-earnings ratio of 20.24 and a beta of 1.10. The business’s fifty day moving average is $65.42 and its 200-day moving average is $63.38.
Invesco Leisure and Entertainment ETF Company Profile
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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