Invesco Building & Construction ETF (NYSEARCA:PKB) Short Interest Update

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 37,076 shares, an increase of 18.4% from the February 12th total of 31,325 shares. Based on an average daily volume of 33,542 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.0% of the shares of the stock are sold short. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 33,542 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On Invesco Building & Construction ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Guerra Advisors Inc bought a new position in shares of Invesco Building & Construction ETF during the 3rd quarter valued at about $1,227,000. Envestnet Asset Management Inc. raised its holdings in shares of Invesco Building & Construction ETF by 36.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,041 shares of the company’s stock worth $726,000 after purchasing an additional 2,427 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Invesco Building & Construction ETF by 68.5% during the third quarter. Jones Financial Companies Lllp now owns 20,093 shares of the company’s stock valued at $1,890,000 after purchasing an additional 8,169 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in Invesco Building & Construction ETF by 14.8% during the second quarter. Avantax Advisory Services Inc. now owns 50,795 shares of the company’s stock valued at $4,081,000 after purchasing an additional 6,541 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Invesco Building & Construction ETF during the third quarter worth approximately $527,000.

Invesco Building & Construction ETF Price Performance

Shares of PKB traded down $0.94 during midday trading on Wednesday, reaching $97.54. The stock had a trading volume of 7,833 shares, compared to its average volume of 41,098. The company has a market capitalization of $363.82 million, a P/E ratio of 21.37 and a beta of 1.30. The firm’s 50 day moving average price is $103.06 and its 200-day moving average price is $97.50. Invesco Building & Construction ETF has a 52 week low of $59.89 and a 52 week high of $111.24.

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.