Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Short Interest Down 56.2% in July

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the target of a large decrease in short interest in 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. Based on an average daily volume of 156,783 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco CEF Income Composite ETF Stock Performance

PCEF traded up $0.02 during trading on Monday, reaching $20.55. 28,190 shares of the company traded hands, compared to its average volume of 136,723. The company has a market cap of $822.41 million, a P/E ratio of 23.11 and a beta of 0.75. Invesco CEF Income Composite ETF has a 12-month low of $18.30 and a 12-month high of $20.60. The firm has a fifty day simple moving average of $20.18 and a 200 day simple moving average of $19.90.

Institutional Trading of Invesco CEF Income Composite ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position 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 buying an additional 1,169,654 shares during the period. Raymond James Financial Inc. increased its position in shares of Invesco CEF Income Composite ETF by 13.6% during the second quarter. Raymond James Financial Inc. now owns 1,152,972 shares of the company’s stock worth $22,529,000 after acquiring an additional 137,590 shares during the period. Sykon Capital LLC raised its stake in shares of Invesco CEF Income Composite ETF by 76.4% during the third quarter. Sykon Capital LLC now owns 169,758 shares of the company’s stock valued at $3,390,000 after acquiring an additional 73,543 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Invesco CEF Income Composite ETF by 6.8% during the fourth quarter. Larson Financial Group LLC now owns 953,156 shares of the company’s stock valued at $18,949,000 after acquiring an additional 60,706 shares in the last quarter. Finally, Intrua Financial LLC raised its stake in shares of Invesco CEF Income Composite ETF by 10.5% during the fourth quarter. Intrua Financial LLC now owns 583,845 shares of the company’s stock valued at $11,607,000 after acquiring an additional 55,676 shares in the last quarter.

Invesco CEF Income Composite ETF Company Profile

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).