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

Invesco Building & Construction ETF (NYSEARCA:PKB) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 41,068 shares, an increase of 147.2% from the June 15th total of 16,611 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,832 shares, the short-interest ratio is currently 1.8 days.

Invesco Building & Construction ETF Stock Up 1.5%

NYSEARCA:PKB traded up $1.54 during mid-day trading on Tuesday, reaching $103.71. 1,453 shares of the company were exchanged, compared to its average volume of 26,512. Invesco Building & Construction ETF has a 12 month low of $81.23 and a 12 month high of $115.81. The company has a fifty day moving average of $105.82 and a 200 day moving average of $103.17. The stock has a market cap of $439.73 million, a PE ratio of 21.37 and a beta of 1.27.

Hedge Funds Weigh In On Invesco Building & Construction ETF

Large investors have recently modified their holdings of the stock. Strategic Advocates LLC bought a new stake in shares of Invesco Building & Construction ETF during the third quarter valued at approximately $27,000. Glenmede Trust Co. NA acquired a new stake in shares of Invesco Building & Construction ETF in the first quarter valued at approximately $28,000. one8zero8 LLC bought a new position in Invesco Building & Construction ETF in the 4th quarter worth approximately $31,000. Steward Partners Investment Advisory LLC bought a new position in Invesco Building & Construction ETF in the 4th quarter worth approximately $46,000. Finally, Fifth Third Bancorp acquired a new position in Invesco Building & Construction ETF during the 1st quarter worth $52,000.

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.