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

Invesco Building & Construction ETF (NYSEARCA:PKB) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 55,334 shares, a growth of 250.3% from the January 15th total of 15,798 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 81,504 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 81,504 shares, the short-interest ratio is currently 0.7 days. Approximately 1.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Peterson Wealth Services lifted its holdings in Invesco Building & Construction ETF by 6,575.0% in the 3rd quarter. Peterson Wealth Services now owns 267 shares of the company’s stock valued at $26,000 after acquiring an additional 263 shares during the last quarter. Strategic Advocates LLC bought a new stake in shares of Invesco Building & Construction ETF in the 3rd quarter worth approximately $27,000. Advisors Preferred LLC bought a new stake in shares of Invesco Building & Construction ETF in the 2nd quarter worth approximately $26,000. Copia Wealth Management acquired a new stake in Invesco Building & Construction ETF during the third quarter valued at approximately $46,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Invesco Building & Construction ETF during the second quarter worth approximately $53,000.

Invesco Building & Construction ETF Stock Up 0.7%

PKB traded up $0.72 during trading on Wednesday, reaching $108.96. The stock had a trading volume of 58,292 shares, compared to its average volume of 52,003. The stock has a 50 day moving average of $98.11 and a two-hundred day moving average of $94.73. The firm has a market capitalization of $406.42 million, a price-to-earnings 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 $110.09.

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.