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The Invesco Energy Exploration & Production ETF (PXE), labeled as an E&P fund, is currently heavily weighted toward U.S. petroleum refiners. PXE is well-positioned to benefit from ongoing global refined product shortages driven by Middle East and Russian conflicts. Refining holdings like VLO, MPC, PSX, CVR, and PBF have delivered significant outperformance, fueling PXE's recent gains.
Invesco Energy Exploration and Production ETF (NYSEARCA:PXE - Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 10,835 shares, a decrease of 44.6% from the August 31st total of 19,542 shares. Based on an average daily trading
Tech capex and geopolitics have dominated the headlines this year, but opportunities emerge elsewhere. Dividend growth investing could be hitting its stride amid shifting macro and micro trends. Novel, forward-looking strategies may help asset allocators find alpha beyond traditional income approaches.
Oil could hit $200 if the Iran conflict drags on and Hormuz stays shut. Energy ETFs may surge but risks remain if tensions ease quickly.
USO and other oil ETFs draw focus as extended US-Iran nuclear talks keep crude volatile, with sanctions and supply risks driving sharp market swings.
RSPG, IEO, FCG, PXE and XOP are included in this Analyst Blog.
The energy sector has become a leader after being a laggard over the past two years.
The Invesco Energy Exploration & Production ETF is a hold due to mixed factors impacting the oil and gas industry. PXE has underperformed compared to its peers over the past decade, but has outperformed the overall market in the past year. While oil and gas will remain dominant in the short term, renewable energy sources will eventually overtake them in the long term.