Short Interest in Invesco Building & Construction ETF (NYSEARCA:PKB) Decreases By 75.7%

Invesco Building & Construction ETF (NYSEARCA:PKB) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 972 shares, a decline of 75.7% from the July 30th total of 4,000 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 92,813 shares, the short-interest ratio is presently 0.0 days.

Invesco Building & Construction ETF Trading Down 1.4%

NYSEARCA PKB traded down $1.44 on Friday, reaching $98.00. 50,120 shares of the company were exchanged, compared to its average volume of 29,281. The business’s fifty day moving average price is $104.21 and its 200 day moving average price is $103.99. The stock has a market capitalization of $420.42 million, a P/E ratio of 21.37 and a beta of 1.28. Invesco Building & Construction ETF has a fifty-two week low of $88.88 and a fifty-two week high of $115.81.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA acquired a new position in Invesco Building & Construction ETF during the 1st quarter worth about $28,000. one8zero8 LLC purchased a new position in Invesco Building & Construction ETF during the 4th quarter valued at about $31,000. Steward Partners Investment Advisory LLC acquired a new position in Invesco Building & Construction ETF in the 4th quarter valued at about $46,000. Fifth Third Bancorp acquired a new position in Invesco Building & Construction ETF in the 1st quarter valued at about $52,000. Finally, Western Wealth Management LLC purchased a new stake in Invesco Building & Construction ETF during the first quarter worth about $97,000.

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.