Invesco Building & Construction ETF (NYSEARCA:PKB) Sees Significant Growth in Short Interest

Invesco Building & Construction ETF (NYSEARCA:PKB) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 41,068 shares, a growth of 147.2% from the June 15th total of 16,611 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 22,832 shares, the days-to-cover ratio is currently 1.8 days.

Invesco Building & Construction ETF Price Performance

Shares of NYSEARCA:PKB traded up $0.92 during midday trading on Thursday, hitting $104.83. 2,676 shares of the company’s stock were exchanged, compared to its average volume of 26,347. The stock has a 50 day moving average price of $105.58 and a 200-day moving average price of $103.29. The company has a market cap of $446.58 million, a PE ratio of 21.37 and a beta of 1.27. Invesco Building & Construction ETF has a 12 month low of $81.88 and a 12 month high of $115.81.

Institutional Investors Weigh In On Invesco Building & Construction ETF

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake 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 worth $8,805,000 after acquiring an additional 68,150 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco Building & Construction ETF by 105.3% during the first quarter. Cetera Investment Advisers now owns 127,427 shares of the company’s stock valued at $12,433,000 after purchasing an additional 65,365 shares in the last quarter. Bank of America Corp DE boosted its holdings in Invesco Building & Construction ETF by 86.9% during the first quarter. Bank of America Corp DE now owns 121,030 shares of the company’s stock worth $11,809,000 after purchasing an additional 56,264 shares during the last quarter. UBS Group AG boosted its holdings in Invesco Building & Construction ETF by 240.4% during the third quarter. UBS Group AG now owns 66,043 shares of the company’s stock worth $6,314,000 after purchasing an additional 46,643 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Invesco Building & Construction ETF by 1,539.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 47,207 shares of the company’s stock worth $3,178,000 after purchasing an additional 44,327 shares in the last quarter.

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.