Short Interest in Invesco Building & Construction ETF (NYSEARCA:PKB) Drops By 58.2%

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 4,000 shares, a decrease of 58.2% from the July 15th total of 9,567 shares. Based on an average trading volume of 8,710 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% 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 made changes to their positions in PKB. Glenmede Trust Co. NA purchased a new stake in Invesco Building & Construction ETF in the 1st quarter worth approximately $28,000. one8zero8 LLC bought a new position in Invesco Building & Construction ETF in the 4th quarter worth about $31,000. Steward Partners Investment Advisory LLC bought a new position in Invesco Building & Construction ETF in the 4th quarter worth about $46,000. Fifth Third Bancorp purchased a new stake in shares of Invesco Building & Construction ETF in the 1st quarter valued at about $52,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Invesco Building & Construction ETF in the 1st quarter valued at about $97,000.

Invesco Building & Construction ETF Price Performance

Shares of NYSEARCA PKB traded up $0.79 during trading on Friday, hitting $105.01. The stock had a trading volume of 21,381 shares, compared to its average volume of 29,421. The firm has a fifty day moving average of $105.31 and a two-hundred day moving average of $104.04. The company has a market capitalization of $450.49 million, a PE ratio of 21.37 and a beta of 1.28. Invesco Building & Construction ETF has a 12 month low of $88.58 and a 12 month high of $115.81.

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.