Short Interest in Invesco Building & Construction ETF (NYSEARCA:PKB) Declines By 37.9%

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 16,145 shares, a drop of 37.9% from the April 15th total of 25,991 shares. Based on an average daily volume of 14,091 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of Invesco Building & Construction ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC increased its position in shares of Invesco Building & Construction ETF by 3.3% during the first quarter. NewEdge Advisors LLC now owns 5,723 shares of the company’s stock worth $385,000 after acquiring an additional 185 shares during the last quarter. Apollon Wealth Management LLC increased its position in shares of Invesco Building & Construction ETF by 10.2% during the fourth quarter. Apollon Wealth Management LLC now owns 2,690 shares of the company’s stock worth $249,000 after acquiring an additional 248 shares during the last quarter. 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 during the last quarter. Strategic Advocates LLC purchased a new stake in shares of Invesco Building & Construction ETF during the third quarter worth about $27,000. Finally, Global Retirement Partners LLC increased its position in shares of Invesco Building & Construction ETF by 30.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,203 shares of the company’s stock worth $111,000 after acquiring an additional 283 shares during the last quarter.

Invesco Building & Construction ETF Trading Down 1.2%

NYSEARCA:PKB traded down $1.25 during mid-day trading on Monday, hitting $100.85. The company had a trading volume of 10,910 shares, compared to its average volume of 30,162. The business has a fifty day simple moving average of $102.02 and a 200-day simple moving average of $99.97. Invesco Building & Construction ETF has a 1 year low of $75.53 and a 1 year high of $111.24. The firm has a market capitalization of $422.56 million, a price-to-earnings ratio of 21.37 and a beta of 1.31.

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.