PCEF - Invesco CEF Income Composite ETF
The Invesco CEF Income Composite ETF (PCEF) is an exchange-traded fund structured to track the performance of the S-Network Composite Closed-End Fund IndexSM. Functioning as a "fund-of-funds," this ETF primarily invests at least 90% of its total assets directly into the common shares of the closed-end funds that constitute its benchmark, foregoing direct investment in individual securities. The underlying Index encompasses closed-end funds (CEFs) that allocate capital to taxable investment-grade bonds, taxable high-yield bonds, and others that employ an equity option selling strategy.
As of Jun 30, 2026: spot at $20.32, ATM IV 424.8%, net GEX $1.4K.
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Market Cap
- $832.8M
- Beta
- 1.04
- 52-Week Range
- 18.3-20.4
- Dividend Yield
- $1.55
- IPO Date
- Feb 19, 2010
- Exchange
- AMEX
What PCEF Looks Like to Options Traders Today
IV rank of 85.1% signals elevated pricing relative to the 1-year history, conditions that typically favor premium-selling structures (credit spreads, iron condors, covered calls); positive net gamma exposure ($1.4K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (-0.285) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The PCEF overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked PCEF overview questions
- What is PCEF?
- PCEF is the ticker symbol for Invesco CEF Income Composite ETF, an listed exchange-traded fund. The Invesco CEF Income Composite ETF (PCEF) is an exchange-traded fund structured to track the performance of the S-Network Composite Closed-End Fund IndexSM. Functioning as a "fund-of-funds," this ETF primarily invests at least 90% of its total assets directly into the common shares of the closed-end funds that constitute its benchmark, foregoing direct investment in individual securities. Listed on AMEX. PCEF is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the PCEF options snapshot look like today?
- As of Jun 30, 2026, the PCEF options snapshot shows spot at $20.32, ATM IV 424.8%, IV rank 85.1%, net GEX $1.4K, expected move 121.79%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are PCEF's key statistics?
- Invesco CEF Income Composite ETF (PCEF) carries a market capitalization of $832.8M, 52-week range of 18.3-20.4. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does PCEF belong to?
- Invesco CEF Income Composite ETF operates in the Financial Services sector, in the Asset Management - Income industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare PCEF's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the PCEF data on this page?
- The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.