Short Interest in Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Drops By 46.8%

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 32,881 shares, a drop of 46.8% from the April 30th total of 61,846 shares. Based on an average daily volume of 20,442 shares, the short-interest ratio is currently 1.6 days. Approximately 1.1% of the company’s shares are short sold.

Key Stories Impacting Invesco Oil & Gas Services ETF

Here are the key news stories impacting Invesco Oil & Gas Services ETF this week:

• Positive Sentiment: Iran-related tensions remain elevated, with reports that mines may have been laid in large parts of the Strait of Hormuz. That raises the risk of supply disruptions and can keep oil prices elevated, which is supportive for oil-services companies. Iran has mined ‘large segments’ of Hormuz Strait, Secretary of State Rubio says
• Positive Sentiment: Multiple market updates point to crude oil moving higher or holding firm on fading hopes for a quick Iran deal, growing concern over supply constraints, and bullish technical setups in WTI and Brent. Higher oil prices typically improve sentiment for oilfield services demand and profitability. Crude Oil Price Forecast: Triangle Pattern Points Higher
• Positive Sentiment: Analysts and industry executives are warning that the market may be underpricing Iran-war risks and that August could be a tipping point for much higher oil prices if the supply crisis persists. That outlook supports the broader oil-services sector. Oil market could be underpricing risks, Vitol’s Bahrain chief says
• Neutral Sentiment: Russia’s western oil exports hitting an 8-month high adds some offsetting supply, but the market focus remains on Middle East disruption rather than this single data point. Exclusive: Russia’s western oil exports hit 8-month high as drone strikes curb refining
• Negative Sentiment: Some recent trading commentary says oil has slipped at times as ceasefire efforts and Iran-talk headlines briefly eased the risk premium. If geopolitics cool quickly, PXJ could give back some of its oil-price support. Stock Market Today: Oil Prices Slip, U.S. Stock Futures Pause

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its position in Invesco Oil & Gas Services ETF by 1,933.6% during the 1st quarter. Bank of America Corp DE now owns 143,148 shares of the company’s stock valued at $5,933,000 after purchasing an additional 136,109 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Invesco Oil & Gas Services ETF by 354.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 17,685 shares of the company’s stock valued at $482,000 after purchasing an additional 13,792 shares during the last quarter. Private Advisor Group LLC bought a new position in Invesco Oil & Gas Services ETF during the 1st quarter valued at approximately $466,000. Independent Financial Group LLC bought a new position in Invesco Oil & Gas Services ETF during the 1st quarter valued at approximately $460,000. Finally, MinichMacGregor Wealth Management LLC bought a new position in Invesco Oil & Gas Services ETF during the 1st quarter valued at approximately $376,000.

Invesco Oil & Gas Services ETF Stock Up 1.3%

Shares of Invesco Oil & Gas Services ETF stock traded up $0.57 on Tuesday, hitting $42.93. The stock had a trading volume of 42,299 shares, compared to its average volume of 44,708. Invesco Oil & Gas Services ETF has a one year low of $23.26 and a one year high of $47.11. The stock has a market cap of $128.79 million, a price-to-earnings ratio of 9.62 and a beta of 0.78. The stock’s 50-day simple moving average is $43.27 and its two-hundred day simple moving average is $37.37.

Invesco Oil & Gas Services ETF Company Profile

The Invesco Dynamic Oil & Gas Services ETF (PXJ) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of US companies in the oil and gas services sector that are weighted in tiers. The index uses a multi-factor methodology to select holdings. PXJ was launched on Oct 26, 2005 and is managed by Invesco.