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

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 7,171 shares, a growth of 138.8% from the August 31st total of 3,003 shares. Based on an average daily trading volume, of 43,514 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Invesco Building & Construction ETF Stock Performance

Shares of NYSEARCA:PKB traded down $0.66 during trading on Monday, hitting $91.95. The company’s stock had a trading volume of 18,786 shares, compared to its average volume of 29,586. The business has a 50 day moving average price of $98.69 and a two-hundred day moving average price of $102.02. The company has a market capitalization of $285.05 million, a PE ratio of 21.37 and a beta of 1.27. Invesco Building & Construction ETF has a fifty-two week low of $88.88 and a fifty-two week high of $115.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in Invesco Building & Construction ETF in the 1st quarter valued at about $574,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 valued at $6,819,000 after buying an additional 9,183 shares during the period. Capital Asset Advisory Services LLC acquired a new position in shares of Invesco Building & Construction ETF during the first quarter worth about $2,183,000. Ibex Wealth Advisors acquired a new position in shares of Invesco Building & Construction ETF during the first quarter worth about $727,000. Finally, Independent Financial Group LLC acquired a new position in shares of Invesco Building & Construction ETF during the first quarter worth about $1,713,000.

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.