Invesco Building & Construction ETF (NYSEARCA:PKB) Short Interest Update

Invesco Building & Construction ETF (NYSEARCA:PKB) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 7,171 shares, a growth of 138.8% from the August 31st total of 3,003 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 43,514 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Invesco Building & Construction ETF

Hedge funds have recently made changes to their positions in the business. Glenmede Trust Co. NA purchased a new position in shares of Invesco Building & Construction ETF in the 1st quarter valued at approximately $28,000. Fifth Third Bancorp acquired a new stake in shares of Invesco Building & Construction ETF during the first quarter worth $52,000. Western Wealth Management LLC purchased a new position in Invesco Building & Construction ETF in the 1st quarter valued at $97,000. Global Retirement Partners LLC increased its stake in Invesco Building & Construction ETF by 30.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,203 shares of the company’s stock valued at $111,000 after buying an additional 283 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in Invesco Building & Construction ETF during the 2nd quarter worth $170,000.

Invesco Building & Construction ETF Price Performance

Shares of NYSEARCA:PKB opened at $91.95 on Tuesday. The stock has a market cap of $285.05 million, a P/E ratio of 21.37 and a beta of 1.27. The firm has a fifty day moving average price of $98.69 and a 200 day moving average price of $102.02. Invesco Building & Construction ETF has a 1-year low of $88.88 and a 1-year high of $115.81.

About Invesco Building & Construction ETF

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.