Invesco Building & Construction ETF (NYSEARCA:PKB) Short Interest Down 76.7% in July

Invesco Building & Construction ETF (NYSEARCA:PKB) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 9,567 shares, a decrease of 76.7% from the June 30th total of 41,068 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 21,115 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA acquired a new position in Invesco Building & Construction ETF in the first quarter valued at approximately $28,000. one8zero8 LLC acquired a new stake in Invesco Building & Construction ETF during the fourth quarter valued at $31,000. Steward Partners Investment Advisory LLC purchased a new position in Invesco Building & Construction ETF in the fourth quarter valued at $46,000. Fifth Third Bancorp purchased a new position in Invesco Building & Construction ETF in the first quarter valued at $52,000. Finally, Western Wealth Management LLC purchased a new position in Invesco Building & Construction ETF in the first quarter valued at $97,000.

Invesco Building & Construction ETF Price Performance

NYSEARCA:PKB traded up $0.38 during midday trading on Monday, hitting $102.79. The company’s stock had a trading volume of 10,172 shares, compared to its average volume of 25,466. Invesco Building & Construction ETF has a fifty-two week low of $82.88 and a fifty-two week high of $115.81. The firm has a market cap of $440.97 million, a P/E ratio of 21.37 and a beta of 1.27. The firm’s 50 day moving average is $105.28 and its 200-day moving average is $103.72.

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.