Invesco Building & Construction ETF (NYSEARCA:PKB – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,003 shares, an increase of 209.0% from the August 15th total of 972 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 28,859 shares, the short-interest ratio is presently 0.1 days.
Invesco Building & Construction ETF Stock Performance
Invesco Building & Construction ETF stock traded up $1.85 during midday trading on Friday, reaching $94.84. 18,134 shares of the company were exchanged, compared to its average volume of 30,023. The firm’s 50-day simple moving average is $101.24 and its 200-day simple moving average is $103.10. Invesco Building & Construction ETF has a 1 year low of $88.88 and a 1 year high of $115.81. The company has a market capitalization of $406.86 million, a price-to-earnings ratio of 21.37 and a beta of 1.27.
Institutional Investors Weigh In On Invesco Building & Construction ETF
A number of hedge funds and other institutional investors have recently modified their holdings of PKB. NewEdge Advisors LLC raised its position in shares of Invesco Building & Construction ETF by 3.3% in the first quarter. NewEdge Advisors LLC now owns 5,723 shares of the company’s stock valued at $385,000 after buying an additional 185 shares during the last quarter. Global Retirement Partners LLC boosted its position in Invesco Building & Construction ETF by 30.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,203 shares of the company’s stock worth $111,000 after acquiring an additional 283 shares during the last quarter. Glenmede Trust Co. NA purchased a new stake in Invesco Building & Construction ETF in the 1st quarter worth approximately $28,000. one8zero8 LLC purchased a new stake in Invesco Building & Construction ETF in the 4th quarter worth approximately $31,000. Finally, Nilsine Partners LLC grew its stake in Invesco Building & Construction ETF by 3.0% in the 2nd quarter. Nilsine Partners LLC now owns 14,095 shares of the company’s stock worth $1,579,000 after acquiring an additional 404 shares during the period.
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.
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