Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Significant Growth in Short Interest

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 159,948 shares, a growth of 408.5% from the August 15th total of 31,453 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 101,097 shares, the short-interest ratio is presently 1.6 days.

Invesco CEF Income Composite ETF Stock Performance

Shares of PCEF traded up $0.05 during midday trading on Friday, hitting $19.99. The company had a trading volume of 68,778 shares, compared to its average volume of 134,521. Invesco CEF Income Composite ETF has a 1 year low of $18.30 and a 1 year high of $20.60. The firm has a market capitalization of $800.00 million, a P/E ratio of 23.11 and a beta of 0.76. The company’s 50-day simple moving average is $20.24 and its 200-day simple moving average is $19.92.

Hedge Funds Weigh In On Invesco CEF Income Composite ETF

Several large investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Invesco CEF Income Composite ETF during the 2nd quarter worth about $25,000. Advisory Services Network LLC purchased a new stake in Invesco CEF Income Composite ETF during the third quarter worth approximately $40,000. WFA of San Diego LLC purchased a new stake in Invesco CEF Income Composite ETF during the second quarter worth approximately $45,000. Integrated Wealth Concepts LLC acquired a new position in Invesco CEF Income Composite ETF in the second quarter valued at approximately $49,000. Finally, International Assets Investment Management LLC acquired a new position in Invesco CEF Income Composite ETF in the fourth quarter valued at approximately $57,000.

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).