Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Short Interest Update

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 98,908 shares, a growth of 2,180.6% from the April 15th total of 4,337 shares. Currently, 3.0% of the company’s shares are short sold. Based on an average daily trading volume, of 143,695 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PXE. Private Advisor Group LLC acquired a new position in shares of Invesco Energy Exploration & Production ETF during the first quarter worth $233,000. IHT Wealth Management LLC acquired a new stake in Invesco Energy Exploration & Production ETF during the fourth quarter worth approximately $368,000. Cetera Investment Advisers lifted its position in shares of Invesco Energy Exploration & Production ETF by 0.9% during the 4th quarter. Cetera Investment Advisers now owns 137,466 shares of the company’s stock worth $3,842,000 after buying an additional 1,181 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Invesco Energy Exploration & Production ETF by 2,201.6% in the 4th 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 last quarter. Finally, Bank of Montreal Can acquired a new stake in Invesco Energy Exploration & Production ETF during the 4th quarter worth $89,000.

Invesco Energy Exploration & Production ETF Stock Up 2.0%

Shares of PXE opened at $36.62 on Tuesday. Invesco Energy Exploration & Production ETF has a 52-week low of $26.42 and a 52-week high of $40.74. The stock has a fifty day simple moving average of $36.80 and a two-hundred day simple moving average of $32.07. The company has a market capitalization of $121.94 million, a PE ratio of 10.78 and a beta of 0.52.

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.