Invesco Energy Exploration & Production ETF (NYSEARCA:PXE – Get Free Report) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 98,908 shares, an increase of 2,180.6% from the April 15th total of 4,337 shares. Currently, 3.0% of the shares of the company are sold short. Based on an average daily volume of 143,695 shares, the days-to-cover ratio is presently 0.7 days.
Hedge Funds Weigh In On Invesco Energy Exploration & Production ETF
Hedge funds have recently made changes to their positions in the stock. Foundations Investment Advisors LLC bought a new stake in Invesco Energy Exploration & Production ETF during the fourth quarter valued at $5,476,000. Commonwealth Equity Services LLC boosted its stake in Invesco Energy Exploration & Production ETF by 2,201.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 202,564 shares of the company’s stock valued at $5,662,000 after buying an additional 193,763 shares during the period. PCG Wealth Advisors LLC bought a new stake in Invesco Energy Exploration & Production ETF during the third quarter valued at $398,000. IHT Wealth Management LLC bought a new stake in Invesco Energy Exploration & Production ETF during the fourth quarter valued at $368,000. Finally, Susquehanna International Group LLP bought a new stake in Invesco Energy Exploration & Production ETF during the third quarter valued at $304,000.
Invesco Energy Exploration & Production ETF Trading Up 2.0%
Shares of NYSEARCA PXE traded up $0.72 during mid-day trading on Monday, hitting $36.62. The company had a trading volume of 18,917 shares, compared to its average volume of 56,137. The company has a market capitalization of $121.94 million, a price-to-earnings ratio of 10.78 and a beta of 0.52. Invesco Energy Exploration & Production ETF has a 1 year low of $26.42 and a 1 year high of $40.74. The stock’s 50-day moving average price is $36.80 and its 200-day moving average price is $32.07.
About Invesco Energy Exploration & Production ETF
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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