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Energy ETF Shorted: Top Holdings MUR, MRO, COP, CVX, VLO
By Market News Video Staff, Friday, October 29, 7:43 AM ET
There are 507,900 shares short of the PowerShares Dynamic Energy Exploration & Production Portfolio (AMEX:PXE) according to data provided to ETFChannel.com from ShortSqueeze.com on ETFChannel's Most Heavily Shorted ETFs toplist.
There are 3.15 million shares outstanding, so this means that 15.63% of PXE shares have been shorted, making it the 58th most shorted ETF that ETFChannel.com covers.
Top holdings of this ETF include Murphy Oil (NYSE:MUR), Marathon Oil (NYSE:MRO), Chevron (NYSE:CVX), ConocoPhillips (NYSE:COP) and Valero Energy (NYSE:VLO).
It would take approximately 38.5 days for shorts to cover the shorted shares of PXE.
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