Invesco CEF Income Composite ETF (NYSEARCA:PCEF – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 330,681 shares, a growth of 78.6% from the September 15th total of 185,188 shares. Based on an average daily volume of 126,745 shares, the days-to-cover ratio is currently 2.6 days. Currently, 0.8% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of PCEF. GAMMA Investing LLC increased its stake in shares of Invesco CEF Income Composite ETF by 5.9% in the 3rd quarter. GAMMA Investing LLC now owns 13,792 shares of the company’s stock worth $267,000 after acquiring an additional 765 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Invesco CEF Income Composite ETF by 281.4% during the third quarter. Farther Finance Advisors LLC now owns 86,706 shares of the company’s stock worth $1,678,000 after acquiring an additional 63,973 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Invesco CEF Income Composite ETF by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,267,351 shares of the company’s stock worth $46,050,000 after acquiring an additional 80,971 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Invesco CEF Income Composite ETF during the second quarter worth about $49,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Invesco CEF Income Composite ETF in the second quarter worth about $25,000.
Invesco CEF Income Composite ETF Price Performance
PCEF stock traded up $0.02 during midday trading on Thursday, hitting $19.18. The stock had a trading volume of 10,407 shares, compared to its average volume of 135,167. The firm has a market cap of $752.62 million, a price-to-earnings ratio of 23.11 and a beta of 0.77. The business has a 50-day moving average of $19.94 and a two-hundred day moving average of $19.93. Invesco CEF Income Composite ETF has a 52-week low of $18.30 and a 52-week high of $20.60.
About Invesco CEF Income Composite ETF
PowerShares CEF Income Composite Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index. The Index tracks the overall performance of a global universe of United States listed closed-end funds that are organized under the laws of the United States selected by S-Network Global Indexes LLC (the Index Provider).
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