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

Invesco Building & Construction ETF (NYSEARCA:PKB) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 55,334 shares, a growth of 250.3% from the January 15th total of 15,798 shares. Based on an average daily volume of 81,504 shares, the short-interest ratio is currently 0.7 days. Approximately 1.5% of the company’s shares are short sold. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 81,504 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Invesco Building & Construction ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new stake in Invesco Building & Construction ETF during the 2nd quarter worth about $26,000. Peterson Wealth Services boosted its stake in shares of Invesco Building & Construction ETF by 6,575.0% in the 3rd quarter. Peterson Wealth Services now owns 267 shares of the company’s stock valued at $26,000 after purchasing an additional 263 shares during the last quarter. Strategic Advocates LLC acquired a new stake in shares of Invesco Building & Construction ETF during the 3rd quarter worth approximately $27,000. Copia Wealth Management bought a new stake in shares of Invesco Building & Construction ETF during the third quarter worth approximately $46,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Invesco Building & Construction ETF during the second quarter worth approximately $53,000.

Invesco Building & Construction ETF Stock Performance

PKB traded up $0.72 during mid-day trading on Wednesday, reaching $108.96. The stock had a trading volume of 58,292 shares, compared to its average volume of 52,003. The firm’s fifty day simple moving average is $98.11 and its two-hundred day simple moving average is $94.73. The stock has a market capitalization of $406.42 million, a P/E ratio of 21.37 and a beta of 1.30. Invesco Building & Construction ETF has a 52 week low of $59.89 and a 52 week high of $110.09.

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.