Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Short Interest Update

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the target of a significant growth in short interest in the month of 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. Based on an average trading volume of 101,097 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in shares of Invesco CEF Income Composite ETF by 62.4% during the fourth quarter. Royal Bank of Canada now owns 3,044,256 shares of the company’s stock worth $60,520,000 after buying an additional 1,169,654 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Invesco CEF Income Composite ETF by 13.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,152,972 shares of the company’s stock worth $22,529,000 after purchasing an additional 137,590 shares in the last quarter. Sykon Capital LLC grew its position in 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 worth $3,390,000 after buying an additional 73,543 shares during the period. Larson Financial Group LLC increased its stake in Invesco CEF Income Composite ETF by 6.8% in the 4th quarter. Larson Financial Group LLC now owns 953,156 shares of the company’s stock valued at $18,949,000 after purchasing 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 4th quarter. Intrua Financial LLC now owns 583,845 shares of the company’s stock worth $11,607,000 after buying an additional 55,676 shares during the last quarter.

Invesco CEF Income Composite ETF Stock Performance

Shares of PCEF traded up $0.03 during midday trading on Friday, hitting $19.97. The company had a trading volume of 35,403 shares, compared to its average volume of 134,257. 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 $799.20 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.

About Invesco CEF Income Composite ETF

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).