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

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 31,453 shares, a drop of 42.0% from the July 30th total of 54,242 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 81,139 shares, the days-to-cover ratio is currently 0.4 days.

Invesco CEF Income Composite ETF Trading Down 0.3%

NYSEARCA:PCEF traded down $0.07 during mid-day trading on Tuesday, hitting $20.26. 272,956 shares of the company’s stock were exchanged, compared to its average volume of 135,851. The firm has a market capitalization of $810.81 million, a P/E ratio of 23.11 and a beta of 0.75. Invesco CEF Income Composite ETF has a fifty-two week low of $18.30 and a fifty-two week high of $20.60. The company has a 50 day simple moving average of $20.24 and a 200-day simple moving average of $19.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Invesco CEF Income Composite ETF in the second quarter valued at approximately $25,000. GAMMA Investing LLC grew its position in Invesco CEF Income Composite ETF by 129.6% during the second quarter. GAMMA Investing LLC now owns 13,027 shares of the company’s stock valued at $265,000 after buying an additional 7,354 shares during the period. Western Wealth Management LLC bought a new stake in shares of Invesco CEF Income Composite ETF in the first quarter valued at $154,000. Bank of America Corp DE raised its position in shares of Invesco CEF Income Composite ETF by 1.4% in the first quarter. Bank of America Corp DE now owns 951,608 shares of the company’s stock valued at $17,909,000 after purchasing an additional 13,458 shares during the period. Finally, Independent Financial Group LLC bought a new position in Invesco CEF Income Composite ETF in the 1st quarter worth about $494,000.

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).