Invesco Building & Construction ETF (NYSEARCA:PKB) Stock Short Interest Rises 138.8%

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 7,171 shares, a growth of 138.8% from the August 31st total of 3,003 shares. Based on an average daily volume of 43,514 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Invesco Building & Construction ETF Stock Up 1.5%

PKB stock traded up $1.34 during trading on Friday, reaching $92.61. The stock had a trading volume of 7,617 shares, compared to its average volume of 29,645. Invesco Building & Construction ETF has a one year low of $88.88 and a one year high of $115.81. The company’s 50 day moving average is $98.87 and its two-hundred day moving average is $102.08. The company has a market capitalization of $287.09 million, a price-to-earnings ratio of 21.37 and a beta of 1.27.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its stake in shares of Invesco Building & Construction ETF by 14.7% during the 2nd 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 shares of Invesco Building & Construction ETF in the 2nd quarter worth about $170,000. Nilsine Partners LLC grew its position in Invesco Building & Construction ETF by 3.0% during the second 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 grew its position in Invesco Building & Construction ETF by 16.2% during the second 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 holdings in Invesco Building & Construction ETF by 7.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 7,900 shares of the company’s stock worth $885,000 after buying an additional 550 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.