Invesco Building & Construction ETF (NYSEARCA:PKB) Sees Large Drop in Short Interest

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 10,258 shares, a drop of 72.3% from the February 26th total of 37,076 shares. Based on an average daily volume of 28,493 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short.

Invesco Building & Construction ETF Trading Down 2.5%

NYSEARCA PKB traded down $2.51 during mid-day trading on Thursday, hitting $96.04. The company’s stock had a trading volume of 6,332 shares, compared to its average volume of 39,035. The firm has a market capitalization of $358.23 million, a price-to-earnings ratio of 21.37 and a beta of 1.30. The company’s 50 day simple moving average is $102.75 and its 200 day simple moving average is $97.65. Invesco Building & Construction ETF has a twelve month low of $59.89 and a twelve month high of $111.24.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Peterson Wealth Services increased its position in shares of Invesco Building & Construction ETF by 6,575.0% during the third quarter. Peterson Wealth Services now owns 267 shares of the company’s stock worth $26,000 after acquiring an additional 263 shares in the last quarter. Strategic Advocates LLC bought a new position in Invesco Building & Construction ETF in the 3rd quarter valued at about $27,000. one8zero8 LLC bought a new position in Invesco Building & Construction ETF in the 4th quarter valued at about $31,000. Copia Wealth Management acquired a new position in Invesco Building & Construction ETF during the 3rd quarter valued at about $46,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Invesco Building & Construction ETF during the 4th quarter valued at 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.