Short Interest in Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Decreases By 96.1%

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 2,271 shares, a decline of 96.1% from the June 15th total of 58,731 shares. Based on an average daily volume of 63,415 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are sold short.

Invesco Energy Exploration & Production ETF Trading Down 0.5%

Shares of PXE stock traded down $0.19 on Friday, hitting $34.78. The stock had a trading volume of 5,973 shares, compared to its average volume of 58,167. Invesco Energy Exploration & Production ETF has a twelve month low of $27.21 and a twelve month high of $40.74. The company has a fifty day moving average price of $35.78 and a two-hundred day moving average price of $34.04. The firm has a market cap of $76.86 million, a P/E ratio of 10.78 and a beta of 0.48.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Western Wealth Management LLC bought a new stake in Invesco Energy Exploration & Production ETF in the 1st quarter valued at approximately $50,000. Bank of Montreal Can bought a new position in shares of Invesco Energy Exploration & Production ETF during the 4th quarter worth approximately $89,000. Sunbelt Securities Inc. bought a new position in shares of Invesco Energy Exploration & Production ETF during the 1st quarter worth approximately $182,000. Private Advisor Group LLC acquired a new stake in shares of Invesco Energy Exploration & Production ETF in the first quarter valued at approximately $233,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Invesco Energy Exploration & Production ETF in the third quarter valued at approximately $294,000.

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.