Short Interest in Invesco Building & Construction ETF (NYSEARCA:PKB) Increases By 209.0%

Invesco Building & Construction ETF (NYSEARCA:PKB) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,003 shares, a growth of 209.0% from the August 15th total of 972 shares. Based on an average trading volume of 28,859 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of Invesco Building & Construction ETF

Several hedge funds have recently bought and sold shares of the stock. Glenmede Trust Co. NA bought a new position in shares of Invesco Building & Construction ETF in the first quarter worth about $28,000. Fifth Third Bancorp bought a new position in shares of Invesco Building & Construction ETF during the 1st quarter valued at approximately $52,000. Western Wealth Management LLC purchased a new stake in Invesco Building & Construction ETF in the 1st quarter worth approximately $97,000. Global Retirement Partners LLC raised its stake in Invesco Building & Construction ETF by 30.8% during the 4th 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 period. Finally, Integrated Wealth Concepts LLC purchased a new position in Invesco Building & Construction ETF during the second quarter valued at approximately $170,000.

Invesco Building & Construction ETF Stock Performance

Shares of Invesco Building & Construction ETF stock traded down $2.42 on Monday, hitting $92.42. 19,800 shares of the company’s stock were exchanged, compared to its average volume of 29,965. Invesco Building & Construction ETF has a 1 year low of $88.88 and a 1 year high of $115.81. The company has a 50-day simple moving average of $101.24 and a 200-day simple moving average of $103.06. The stock has a market capitalization of $396.48 million, a PE ratio of 21.37 and a beta of 1.27.

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.