Short Interest in Invesco Building & Construction ETF (NYSEARCA:PKB) Decreases By 76.7%

Invesco Building & Construction ETF (NYSEARCA:PKB) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 9,567 shares, a decrease of 76.7% from the June 30th total of 41,068 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 21,115 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Invesco Building & Construction ETF

A number of institutional investors have recently bought and sold shares of PKB. Cetera Investment Advisers raised its stake in shares of Invesco Building & Construction ETF by 105.3% in the 1st quarter. Cetera Investment Advisers now owns 127,427 shares of the company’s stock valued at $12,433,000 after buying an additional 65,365 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Invesco Building & Construction ETF by 86.9% during the 1st quarter. Bank of America Corp DE now owns 121,030 shares of the company’s stock valued at $11,809,000 after acquiring an additional 56,264 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Invesco Building & Construction ETF by 308.4% during the 1st quarter. Royal Bank of Canada now owns 90,245 shares of the company’s stock valued at $8,805,000 after acquiring an additional 68,150 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco Building & Construction ETF by 14.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 73,650 shares of the company’s stock valued at $6,819,000 after acquiring an additional 9,183 shares in the last quarter. Finally, UBS Group AG increased its stake in Invesco Building & Construction ETF by 240.4% in the third quarter. UBS Group AG now owns 66,043 shares of the company’s stock valued at $6,314,000 after acquiring an additional 46,643 shares during the period.

Invesco Building & Construction ETF Trading Up 0.0%

Shares of PKB stock opened at $102.41 on Friday. Invesco Building & Construction ETF has a 12 month low of $82.88 and a 12 month high of $115.81. The company has a market capitalization of $439.34 million, a P/E ratio of 21.37 and a beta of 1.27. The stock has a 50 day moving average of $105.25 and a two-hundred day moving average of $103.63.

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.