Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Sees Large Growth in Short Interest

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 17,066 shares, an increase of 651.5% from the June 30th total of 2,271 shares. Based on an average daily trading volume, of 30,302 shares, the short-interest ratio is presently 0.6 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Trading of Invesco Energy Exploration & Production ETF

Several large investors have recently made changes to their positions in PXE. Raymond James Financial Inc. raised its stake in Invesco Energy Exploration & Production ETF by 14.7% in the 2nd quarter. Raymond James Financial Inc. now owns 35,441 shares of the company’s stock valued at $992,000 after purchasing an additional 4,541 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in Invesco Energy Exploration & Production ETF by 9.7% in the 2nd quarter. Osaic Holdings Inc. now owns 10,039 shares of the company’s stock valued at $281,000 after purchasing an additional 891 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Invesco Energy Exploration & Production ETF during the 3rd quarter worth $294,000. PCG Wealth Advisors LLC acquired a new stake in Invesco Energy Exploration & Production ETF during the 3rd quarter worth $398,000. Finally, Susquehanna International Group LLP acquired a new stake in Invesco Energy Exploration & Production ETF during the 3rd quarter worth $304,000.

Invesco Energy Exploration & Production ETF Trading Down 0.6%

NYSEARCA:PXE opened at $37.95 on Friday. The stock has a 50 day moving average of $35.78 and a two-hundred day moving average of $34.67. Invesco Energy Exploration & Production ETF has a 12 month low of $27.21 and a 12 month high of $40.74. The firm has a market cap of $88.04 million, a P/E ratio of 10.78 and a beta of 0.48.

Invesco Energy Exploration & Production ETF Company Profile

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.