Short Interest in Invesco Building & Construction ETF (NYSEARCA:PKB) Increases By 670.8%

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 25,991 shares, a growth of 670.8% from the March 31st total of 3,372 shares. Based on an average daily volume of 16,295 shares, the short-interest ratio is presently 1.6 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Trading of Invesco Building & Construction ETF

Several institutional investors and hedge funds have recently modified their holdings of PKB. Peterson Wealth Services raised its position in shares of Invesco Building & Construction ETF by 6,575.0% in the third quarter. Peterson Wealth Services now owns 267 shares of the company’s stock valued at $26,000 after buying an additional 263 shares during the last quarter. Strategic Advocates LLC acquired a new position in Invesco Building & Construction ETF during the third quarter valued at approximately $27,000. one8zero8 LLC acquired a new position in Invesco Building & Construction ETF during the fourth quarter valued at approximately $31,000. Copia Wealth Management acquired a new position in Invesco Building & Construction ETF during the third quarter valued at approximately $46,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Invesco Building & Construction ETF during the fourth quarter valued at approximately $46,000.

Invesco Building & Construction ETF Price Performance

Shares of NYSEARCA PKB traded down $0.15 on Friday, hitting $107.50. The company’s stock had a trading volume of 13,756 shares, compared to its average volume of 33,726. Invesco Building & Construction ETF has a 12-month low of $68.20 and a 12-month high of $111.24. The company has a market capitalization of $448.28 million, a price-to-earnings ratio of 21.37 and a beta of 1.32. The stock has a 50 day moving average of $102.61 and a 200-day moving average of $98.96.

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.