Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Shares Shorted: Short Interest Down 44.6% in September

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 10,835 shares, a decline of 44.6% from the August 31st total of 19,542 shares. Based on an average trading volume of 20,307 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

Invesco Energy Exploration & Production ETF Price Performance

Invesco Energy Exploration & Production ETF stock traded up $1.33 during midday trading on Thursday, hitting $40.72. The company’s stock had a trading volume of 61,889 shares, compared to its average volume of 56,012. The company has a market cap of $87.96 million, a price-to-earnings ratio of 10.78 and a beta of 0.50. Invesco Energy Exploration & Production ETF has a 1-year low of $27.21 and a 1-year high of $44.01. The company has a 50-day moving average price of $40.07 and a two-hundred day moving average price of $37.73.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new position in shares of Invesco Energy Exploration & Production ETF in the 1st quarter valued at $50,000. Sunbelt Securities Inc. acquired a new stake in Invesco Energy Exploration & Production ETF in the first quarter valued at about $182,000. Private Advisor Group LLC bought a new position in Invesco Energy Exploration & Production ETF in the first quarter valued at about $233,000. Citadel Advisors LLC bought a new position in Invesco Energy Exploration & Production ETF in the second quarter valued at about $237,000. Finally, Envestnet Asset Management Inc. raised its stake in Invesco Energy Exploration & Production ETF by 15.0% during the second quarter. Envestnet Asset Management Inc. now owns 8,233 shares of the company’s stock worth $279,000 after acquiring an additional 1,074 shares in the last quarter.

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.