Short Interest in Invesco Building & Construction ETF (NYSEARCA:PKB) Declines By 37.9%

Invesco Building & Construction ETF (NYSEARCA:PKB) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 16,145 shares, a decrease of 37.9% from the April 15th total of 25,991 shares. Based on an average daily volume of 14,091 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco Building & Construction ETF

Several hedge funds have recently modified their holdings of PKB. Peterson Wealth Services increased its stake in shares of 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 purchasing an additional 263 shares in the last quarter. Strategic Advocates LLC acquired a new stake in Invesco Building & Construction ETF in the third quarter valued at approximately $27,000. one8zero8 LLC purchased a new stake in shares of Invesco Building & Construction ETF in the fourth quarter valued at approximately $31,000. Copia Wealth Management purchased a new stake in shares of Invesco Building & Construction ETF in the third quarter valued at approximately $46,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Invesco Building & Construction ETF during the 4th quarter worth approximately $46,000.

Invesco Building & Construction ETF Stock Down 2.8%

Shares of NYSEARCA:PKB traded down $2.98 during trading on Friday, hitting $102.10. 19,213 shares of the stock traded hands, compared to its average volume of 30,369. The company has a fifty day moving average price of $102.05 and a two-hundred day moving average price of $99.94. Invesco Building & Construction ETF has a 52-week low of $75.53 and a 52-week high of $111.24. The company has a market cap of $427.80 million, a price-to-earnings ratio of 21.37 and a beta of 1.31.

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.