Invesco Building & Construction ETF (NYSEARCA:PKB) Short Interest Down 75.7% in August

Invesco Building & Construction ETF (NYSEARCA:PKB) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 972 shares, a decrease of 75.7% from the July 30th total of 4,000 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 92,813 shares, the days-to-cover ratio is presently 0.0 days.

Invesco Building & Construction ETF Stock Performance

Shares of NYSEARCA:PKB traded down $0.43 on Thursday, hitting $99.44. 20,930 shares of the company’s stock were exchanged, compared to its average volume of 29,154. The firm’s 50-day moving average is $104.68 and its 200 day moving average is $104.09. The company has a market capitalization of $426.60 million, a PE ratio of 21.37 and a beta of 1.28. Invesco Building & Construction ETF has a 1-year low of $88.88 and a 1-year high of $115.81.

Hedge Funds Weigh In On Invesco Building & Construction ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its holdings in Invesco Building & Construction ETF by 105.3% during the first quarter. Cetera Investment Advisers now owns 127,427 shares of the company’s stock worth $12,433,000 after purchasing an additional 65,365 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Invesco Building & Construction ETF by 86.9% during the 1st quarter. Bank of America Corp DE now owns 121,030 shares of the company’s stock worth $11,809,000 after buying an additional 56,264 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Invesco Building & Construction ETF by 308.4% in the 1st quarter. Royal Bank of Canada now owns 90,245 shares of the company’s stock valued at $8,805,000 after buying an additional 68,150 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings 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 in the last quarter. Finally, UBS Group AG grew its position in shares of Invesco Building & Construction ETF by 240.4% in the 3rd quarter. UBS Group AG now owns 66,043 shares of the company’s stock valued at $6,314,000 after buying an additional 46,643 shares during 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.