Short Interest in Invesco Building & Construction ETF (NYSEARCA:PKB) Grows By 670.8%

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a large growth in short interest in April. As of April 15th, there was short interest totaling 25,991 shares, a growth of 670.8% from the March 31st total of 3,372 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 16,295 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

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

Invesco Building & Construction ETF Stock Performance

Shares of NYSEARCA PKB opened at $107.50 on Friday. The firm has a market capitalization of $448.28 million, a P/E ratio of 21.37 and a beta of 1.32. Invesco Building & Construction ETF has a one year low of $68.20 and a one year high of $111.24. The company’s fifty day moving average is $102.61 and its two-hundred day moving average is $98.92.

About Invesco Building & Construction ETF

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.