Invesco Building & Construction ETF (NYSEARCA:PKB) Shares Shorted: Short Interest Down 82.8% in September

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,235 shares, a drop of 82.8% from the September 15th total of 7,171 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 18,499 shares, the short-interest ratio is presently 0.1 days.

Invesco Building & Construction ETF Price Performance

Shares of Invesco Building & Construction ETF stock traded down $0.32 during trading on Friday, hitting $90.70. 25,225 shares of the company’s stock traded hands, compared to its average volume of 29,392. Invesco Building & Construction ETF has a 1 year low of $88.88 and a 1 year high of $115.81. The stock has a market capitalization of $272.10 million, a P/E ratio of 21.37 and a beta of 1.27. The business has a 50-day simple moving average of $97.00 and a 200-day simple moving average of $101.68.

Institutional Investors Weigh In On Invesco Building & Construction ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers raised its holdings in Invesco Building & Construction ETF by 105.3% during the first quarter. Cetera Investment Advisers now owns 127,427 shares of the company’s stock valued at $12,433,000 after acquiring an additional 65,365 shares during the period. Bank of America Corp DE increased its stake in Invesco Building & Construction ETF by 86.9% in the 1st quarter. Bank of America Corp DE now owns 121,030 shares of the company’s stock worth $11,809,000 after acquiring an additional 56,264 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Invesco Building & Construction ETF by 308.4% in the first quarter. Royal Bank of Canada now owns 90,245 shares of the company’s stock valued at $8,805,000 after purchasing an additional 68,150 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Invesco Building & Construction ETF by 14.7% during the second quarter. Envestnet Asset Management Inc. now owns 19,773 shares of the company’s stock valued at $2,216,000 after purchasing an additional 2,537 shares in the last quarter. Finally, Capital Asset Advisory Services LLC bought a new position in Invesco Building & Construction ETF during the first quarter valued at $2,183,000.

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.