Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Shares Shorted: Short Interest Up 109.0% in September

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,811 shares, an increase of 109.0% from the August 31st total of 1,345 shares. Based on an average trading volume of 9,400 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

NASDAQ:PXI opened at $60.95 on Wednesday. Invesco Dorsey Wright Energy Momentum ETF has a one year low of $44.56 and a one year high of $66.62. The business has a fifty day moving average price of $62.26 and a 200-day moving average price of $59.43. The firm has a market capitalization of $54.85 million, a price-to-earnings ratio of 17.22 and a beta of 0.64.

Institutional Trading of Invesco Dorsey Wright Energy Momentum ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its position in shares of Invesco Dorsey Wright Energy Momentum ETF by 1,909.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 110,613 shares of the company’s stock valued at $6,587,000 after buying an additional 105,108 shares in the last quarter. Bank of America Corp DE increased its holdings in Invesco Dorsey Wright Energy Momentum ETF by 31.1% in the 1st quarter. Bank of America Corp DE now owns 46,068 shares of the company’s stock worth $2,743,000 after acquiring an additional 10,930 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Invesco Dorsey Wright Energy Momentum ETF by 90.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,680 shares of the company’s stock worth $423,000 after acquiring an additional 3,648 shares during the period. Royal Bank of Canada raised its stake in Invesco Dorsey Wright Energy Momentum ETF by 1,797.9% during the 1st quarter. Royal Bank of Canada now owns 7,079 shares of the company’s stock worth $422,000 after acquiring an additional 6,706 shares during the period. Finally, Silver Oak Securities Incorporated purchased a new position in Invesco Dorsey Wright Energy Momentum ETF during the first quarter valued at approximately $355,000.

About Invesco Dorsey Wright Energy Momentum ETF

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.