Invesco Building & Construction ETF (NYSEARCA:PKB) Sees Large Increase in Short Interest

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

Invesco Building & Construction ETF Stock Up 2.0%

PKB traded up $1.85 during trading hours on Friday, reaching $94.84. 18,134 shares of the company’s stock traded hands, compared to its average volume of 30,023. Invesco Building & Construction ETF has a 52-week low of $88.88 and a 52-week high of $115.81. The firm has a market capitalization of $406.86 million, a PE ratio of 21.37 and a beta of 1.27. The firm has a 50-day moving average price of $101.24 and a 200 day moving average price of $103.06.

Institutional Trading of Invesco Building & Construction ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its stake in Invesco Building & Construction ETF by 105.3% in the first quarter. Cetera Investment Advisers now owns 127,427 shares of the company’s stock worth $12,433,000 after buying an additional 65,365 shares in the last quarter. Bank of America Corp DE raised its position in shares of Invesco Building & Construction ETF by 86.9% in the 1st quarter. Bank of America Corp DE now owns 121,030 shares of the company’s stock worth $11,809,000 after acquiring an additional 56,264 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Invesco Building & Construction ETF by 308.4% during the 1st quarter. Royal Bank of Canada now owns 90,245 shares of the company’s stock worth $8,805,000 after purchasing an additional 68,150 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Invesco Building & Construction ETF by 14.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 73,650 shares of the company’s stock valued at $6,819,000 after purchasing an additional 9,183 shares in the last quarter. Finally, UBS Group AG boosted its position in Invesco Building & Construction ETF by 240.4% during the third quarter. UBS Group AG now owns 66,043 shares of the company’s stock valued at $6,314,000 after purchasing an additional 46,643 shares in the last quarter.

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.