Invesco Building & Construction ETF (NYSEARCA:PKB) Stock Short Interest Falls 82.8%

Invesco Building & Construction ETF (NYSEARCA:PKB) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,235 shares, a decrease of 82.8% from the September 15th total of 7,171 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 18,499 shares, the short-interest ratio is presently 0.1 days.

Invesco Building & Construction ETF Stock Performance

Invesco Building & Construction ETF stock traded down $0.99 during mid-day trading on Monday, reaching $89.71. 12,575 shares of the company were exchanged, compared to its average volume of 29,306. Invesco Building & Construction ETF has a twelve month low of $88.88 and a twelve month high of $115.81. The firm’s 50-day simple moving average is $96.74 and its two-hundred day simple moving average is $101.65. The firm has a market cap of $269.13 million, a PE ratio of 21.37 and a beta of 1.27.

Institutional Investors Weigh In On Invesco Building & Construction ETF

Several large investors have recently modified their holdings of PKB. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco Building & Construction ETF by 14.7% during the second quarter. Envestnet Asset Management Inc. now owns 19,773 shares of the company’s stock worth $2,216,000 after purchasing an additional 2,537 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Invesco Building & Construction ETF in the 2nd quarter valued at $170,000. Nilsine Partners LLC increased its stake in Invesco Building & Construction ETF by 3.0% in the 2nd quarter. Nilsine Partners LLC now owns 14,095 shares of the company’s stock valued at $1,579,000 after buying an additional 404 shares during the period. Wealthcare Advisory Partners LLC increased its stake in Invesco Building & Construction ETF by 16.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 5,794 shares of the company’s stock valued at $649,000 after buying an additional 808 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Invesco Building & Construction ETF by 7.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,900 shares of the company’s stock valued at $885,000 after buying an additional 550 shares during the period.

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.