Invesco Building & Construction ETF (NYSEARCA:PKB) Sees Significant Decline in Short Interest

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 31,325 shares, a drop of 43.4% from the January 29th total of 55,334 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 48,390 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 48,390 shares, the short-interest ratio is currently 0.6 days. Currently, 0.8% of the shares of the stock are short sold.

Invesco Building & Construction ETF Stock Down 1.1%

Shares of Invesco Building & Construction ETF stock traded down $1.16 during trading hours on Friday, reaching $108.68. 38,366 shares of the company’s stock were exchanged, compared to its average volume of 46,468. The business has a fifty day moving average of $101.63 and a two-hundred day moving average of $96.61. The company has a market capitalization of $405.38 million, a P/E ratio of 21.37 and a beta of 1.30. Invesco Building & Construction ETF has a 1 year low of $59.89 and a 1 year high of $111.24.

Institutional Trading of Invesco Building & Construction ETF

A number of hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco Building & Construction ETF by 14.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 73,650 shares of the company’s stock worth $6,819,000 after purchasing an additional 9,183 shares in the last quarter. UBS Group AG lifted 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 worth $6,314,000 after buying an additional 46,643 shares in the last quarter. Cetera Investment Advisers boosted its stake in Invesco Building & Construction ETF by 2.3% during the fourth quarter. Cetera Investment Advisers now owns 62,062 shares of the company’s stock worth $5,746,000 after buying an additional 1,408 shares during the last quarter. Bank of America Corp DE boosted its stake in Invesco Building & Construction ETF by 6.6% during the third quarter. Bank of America Corp DE now owns 56,514 shares of the company’s stock worth $5,403,000 after buying an additional 3,494 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in Invesco Building & Construction ETF by 14.8% in the 2nd quarter. Avantax Advisory Services Inc. now owns 50,795 shares of the company’s stock valued at $4,081,000 after buying an additional 6,541 shares in the last quarter.

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.