Invesco Building & Construction ETF (NYSEARCA:PKB) Short Interest Up 607.4% in September

Invesco Building & Construction ETF (NYSEARCA:PKB) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 19,100 shares, a growth of 607.4% from the September 15th total of 2,700 shares. Based on an average daily volume of 26,700 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 26,700 shares, the days-to-cover ratio is currently 0.7 days.

Invesco Building & Construction ETF Trading Down 0.5%

Shares of PKB stock opened at $95.13 on Friday. The business’s 50-day moving average price is $92.94 and its 200-day moving average price is $82.52. Invesco Building & Construction ETF has a 12 month low of $59.89 and a 12 month high of $96.84. The firm has a market capitalization of $295.85 million, a price-to-earnings ratio of 21.37 and a beta of 1.26.

Hedge Funds Weigh In On Invesco Building & Construction ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Avantax Advisory Services Inc. lifted its stake in shares of Invesco Building & Construction ETF by 14.8% in the second quarter. Avantax Advisory Services Inc. now owns 50,795 shares of the company’s stock worth $4,081,000 after acquiring an additional 6,541 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Invesco Building & Construction ETF by 1,539.1% in the first quarter. Goldman Sachs Group Inc. now owns 47,207 shares of the company’s stock worth $3,178,000 after acquiring an additional 44,327 shares during the period. MAI Capital Management lifted its stake in shares of Invesco Building & Construction ETF by 1.5% in the first quarter. MAI Capital Management now owns 29,908 shares of the company’s stock worth $2,014,000 after acquiring an additional 447 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of Invesco Building & Construction ETF by 13.2% in the first quarter. Kestra Advisory Services LLC now owns 20,819 shares of the company’s stock worth $1,402,000 after acquiring an additional 2,434 shares during the period. Finally, DAVENPORT & Co LLC lifted its stake in shares of Invesco Building & Construction ETF by 3.1% in the second quarter. DAVENPORT & Co LLC now owns 17,265 shares of the company’s stock worth $1,387,000 after acquiring an additional 521 shares during the period.

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.