Invesco CEF Income Composite ETF (NYSEARCA:PCEF – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 54,242 shares, a decrease of 56.2% from the July 15th total of 123,764 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 156,783 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Trading of Invesco CEF Income Composite ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in Invesco CEF Income Composite ETF by 62.4% in the 4th quarter. Royal Bank of Canada now owns 3,044,256 shares of the company’s stock valued at $60,520,000 after purchasing an additional 1,169,654 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Invesco CEF Income Composite ETF by 1.7% during the third quarter. Raymond James Financial Inc. now owns 1,172,462 shares of the company’s stock worth $23,414,000 after buying an additional 19,490 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Invesco CEF Income Composite ETF by 6.8% in the fourth quarter. Larson Financial Group LLC now owns 953,156 shares of the company’s stock valued at $18,949,000 after buying an additional 60,706 shares during the last quarter. Bank of America Corp DE raised its position in shares of Invesco CEF Income Composite ETF by 1.4% in the first quarter. Bank of America Corp DE now owns 951,608 shares of the company’s stock valued at $17,909,000 after buying an additional 13,458 shares during the last quarter. Finally, Intrua Financial LLC lifted its stake in shares of Invesco CEF Income Composite ETF by 8.7% during the first quarter. Intrua Financial LLC now owns 634,584 shares of the company’s stock valued at $11,943,000 after buying an additional 50,739 shares during the period.
Invesco CEF Income Composite ETF Price Performance
Invesco CEF Income Composite ETF stock traded down $0.06 during mid-day trading on Friday, hitting $20.53. 89,055 shares of the company were exchanged, compared to its average volume of 137,436. Invesco CEF Income Composite ETF has a 12-month low of $18.30 and a 12-month high of $20.60. The company has a market capitalization of $821.61 million, a P/E ratio of 23.11 and a beta of 0.75. The business’s 50 day simple moving average is $20.18 and its two-hundred day simple moving average is $19.90.
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).
Further Reading
- Five stocks we like better than Invesco CEF Income Composite ETF
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for Invesco CEF Income Composite ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco CEF Income Composite ETF and related companies with MarketBeat.com's FREE daily email newsletter.
