Invesco Building & Construction ETF (NYSEARCA:PKB) Short Interest Update

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 13,600 shares, a decrease of 37.6% from the May 15th total of 21,800 shares. Based on an average trading volume of 41,200 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Trading of Invesco Building & Construction ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC grew its position in shares of Invesco Building & Construction ETF by 6.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,475 shares of the company’s stock worth $793,000 after purchasing an additional 614 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Invesco Building & Construction ETF by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 8,865 shares of the company’s stock valued at $671,000 after buying an additional 3,375 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Invesco Building & Construction ETF by 15.0% during the fourth quarter. Ameriprise Financial Inc. now owns 34,305 shares of the company’s stock valued at $2,598,000 after buying an additional 4,471 shares during the last quarter. Cetera Investment Advisers boosted its stake in Invesco Building & Construction ETF by 3.8% during the fourth quarter. Cetera Investment Advisers now owns 4,501 shares of the company’s stock valued at $341,000 after buying an additional 166 shares during the last quarter. Finally, Independent Advisor Alliance bought a new position in Invesco Building & Construction ETF during the fourth quarter valued at approximately $257,000.

Invesco Building & Construction ETF Price Performance

Invesco Building & Construction ETF stock traded down $0.69 during mid-day trading on Tuesday, reaching $77.24. 6,734 shares of the stock traded hands, compared to its average volume of 36,881. The business’s 50-day moving average is $73.79 and its 200-day moving average is $74.50. The stock has a market capitalization of $217.06 million, a PE ratio of 22.92 and a beta of 1.28. Invesco Building & Construction ETF has a 12-month low of $59.89 and a 12-month high of $88.96.

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.