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

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

Invesco Building & Construction ETF Stock Performance

Shares of NYSEARCA:PKB traded down $1.94 during midday trading on Tuesday, hitting $98.91. 8,792 shares of the stock were exchanged, compared to its average volume of 29,903. Invesco Building & Construction ETF has a 52-week low of $75.53 and a 52-week high of $111.24. The business’s fifty day simple moving average is $102.02 and its two-hundred day simple moving average is $99.97. The company has a market capitalization of $414.43 million, a PE ratio of 21.37 and a beta of 1.31.

Institutional Investors Weigh In On Invesco Building & Construction ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in Invesco Building & Construction ETF by 3.3% in the first quarter. NewEdge Advisors LLC now owns 5,723 shares of the company’s stock worth $385,000 after buying an additional 185 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Invesco Building & Construction ETF by 1,539.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 47,207 shares of the company’s stock valued at $3,178,000 after purchasing an additional 44,327 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Invesco Building & Construction ETF by 38.0% in the 1st quarter. Jane Street Group LLC now owns 4,414 shares of the company’s stock valued at $297,000 after purchasing an additional 1,215 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Invesco Building & Construction ETF in the third quarter worth $527,000. Finally, OneAscent Financial Services LLC bought a new stake in Invesco Building & Construction ETF in the third quarter worth $339,000.

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.