Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Short Interest Up 162.9% in May

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 262,420 shares, a growth of 162.9% from the April 30th total of 99,828 shares. Based on an average trading volume of 41,541 shares, the short-interest ratio is currently 6.3 days. Approximately 6.5% of the shares of the stock are sold short.

Institutional Trading of Invesco Leisure and Entertainment ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kwmg LLC boosted its holdings in Invesco Leisure and Entertainment ETF by 0.6% during the fourth quarter. Kwmg LLC now owns 38,432 shares of the company’s stock worth $2,357,000 after buying an additional 215 shares in the last quarter. Prospera Financial Services Inc increased its holdings in Invesco Leisure and Entertainment ETF by 6.8% in the third quarter. Prospera Financial Services Inc now owns 7,116 shares of the company’s stock valued at $431,000 after buying an additional 450 shares in the last quarter. &PARTNERS lifted its position in shares of Invesco Leisure and Entertainment ETF by 10.3% during the 4th quarter. &PARTNERS now owns 4,996 shares of the company’s stock valued at $306,000 after acquiring an additional 465 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Invesco Leisure and Entertainment ETF during the 3rd quarter valued at approximately $29,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Invesco Leisure and Entertainment ETF by 1.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,492 shares of the company’s stock worth $1,847,000 after acquiring an additional 492 shares in the last quarter.

Invesco Leisure and Entertainment ETF Stock Performance

Invesco Leisure and Entertainment ETF stock traded down $0.02 during midday trading on Monday, reaching $62.82. The company’s stock had a trading volume of 12,518 shares, compared to its average volume of 33,828. Invesco Leisure and Entertainment ETF has a fifty-two week low of $52.67 and a fifty-two week high of $64.55. The stock’s 50 day simple moving average is $60.14 and its 200 day simple moving average is $60.22. The firm has a market capitalization of $252.54 million, a PE ratio of 20.24 and a beta of 1.09.

About Invesco Leisure and Entertainment ETF

PowerShares Dynamic Leisure and Entertainment Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Leisure and Entertainment Intellidex Index (the Index). The Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States leisure and entertainment companies.