Short Interest in Invesco Building & Construction ETF (NYSEARCA:PKB) Decreases By 43.4%

Invesco Building & Construction ETF (NYSEARCA:PKB) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 31,325 shares, a drop of 43.4% from the January 29th total of 55,334 shares. Based on an average daily trading volume, of 48,390 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.8% of the shares of the company are sold short. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 48,390 shares, the days-to-cover ratio is currently 0.6 days.

Invesco Building & Construction ETF Trading Down 0.6%

Shares of PKB stock traded down $0.67 on Monday, hitting $108.01. 21,213 shares of the stock were exchanged, compared to its average volume of 45,801. The firm’s 50 day moving average is $101.63 and its two-hundred day moving average is $96.67. Invesco Building & Construction ETF has a one year low of $59.89 and a one year high of $111.24. The firm has a market capitalization of $402.88 million, a PE ratio of 21.37 and a beta of 1.30.

Institutional Trading of Invesco Building & Construction ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Peterson Wealth Services grew its stake in Invesco Building & Construction ETF by 6,575.0% in the 3rd quarter. Peterson Wealth Services now owns 267 shares of the company’s stock valued at $26,000 after buying an additional 263 shares in the last quarter. Advisors Preferred LLC purchased a new position in shares of Invesco Building & Construction ETF in the second quarter valued at $26,000. Strategic Advocates LLC bought a new stake in shares of Invesco Building & Construction ETF during the 3rd quarter valued at $27,000. one8zero8 LLC bought a new stake in shares of Invesco Building & Construction ETF during the 4th quarter valued at $31,000. Finally, Copia Wealth Management purchased a new stake in Invesco Building & Construction ETF during the 3rd quarter worth about $46,000.

Invesco Building & Construction ETF Company Profile

PowerShares Dynamic Building & Construction Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Building & Construction Intellidex Index (the Index). The Index evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States building and construction companies. These are companies that are primarily engaged in providing construction and related engineering services for building and remodeling residential properties, commercial or industrial buildings, or working on large-scale infrastructure projects, such as highways, tunnels, bridges, dams, power lines and airports.