Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Significant Drop in Short Interest

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 51,437 shares, a drop of 52.2% from the March 15th total of 107,659 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 134,511 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

Hedge funds have recently made changes to their positions in the business. CX Institutional bought a new stake in shares of Invesco CEF Income Composite ETF during the third quarter valued at approximately $35,000. Advisory Services Network LLC bought a new stake in shares of Invesco CEF Income Composite ETF during the third quarter valued at approximately $40,000. WFA of San Diego LLC bought a new stake in shares of Invesco CEF Income Composite ETF during the second quarter valued at approximately $45,000. International Assets Investment Management LLC bought a new stake in shares of Invesco CEF Income Composite ETF during the fourth quarter valued at approximately $57,000. Finally, Global Retirement Partners LLC raised its holdings in shares of Invesco CEF Income Composite ETF by 11,170.5% during the third quarter. Global Retirement Partners LLC now owns 4,959 shares of the company’s stock valued at $99,000 after buying an additional 4,915 shares during the last quarter.

Invesco CEF Income Composite ETF Trading Up 0.1%

PCEF opened at $19.53 on Friday. The business’s 50 day moving average is $19.58 and its 200-day moving average is $19.79. The stock has a market cap of $787.64 million, a PE ratio of 23.11 and a beta of 0.76. Invesco CEF Income Composite ETF has a twelve month low of $17.37 and a twelve month high of $20.30.

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).