Invesco Building & Construction ETF (NYSEARCA:PKB) Short Interest Down 43.4% in February

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 31,325 shares, a decline of 43.4% from the January 29th total of 55,334 shares. Based on an average trading volume of 48,390 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.8% of the company’s shares are sold short. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 48,390 shares, the days-to-cover ratio is currently 0.6 days.

Invesco Building & Construction ETF Stock Performance

PKB stock traded down $1.16 during midday trading on Friday, reaching $108.68. 38,366 shares of the company traded hands, compared to its average volume of 46,468. The firm has a market capitalization of $405.38 million, a price-to-earnings ratio of 21.37 and a beta of 1.30. Invesco Building & Construction ETF has a 52-week low of $59.89 and a 52-week high of $111.24. The business has a 50 day moving average of $101.63 and a 200-day moving average of $96.61.

Hedge Funds Weigh In On Invesco Building & Construction ETF

Several institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in Invesco Building & Construction ETF by 3.3% during the 1st quarter. NewEdge Advisors LLC now owns 5,723 shares of the company’s stock worth $385,000 after buying an additional 185 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of Invesco Building & Construction ETF by 10.2% in the fourth quarter. Apollon Wealth Management LLC now owns 2,690 shares of the company’s stock valued at $249,000 after acquiring an additional 248 shares in the last quarter. Peterson Wealth Services lifted its position in shares of Invesco Building & Construction ETF by 6,575.0% in the third quarter. Peterson Wealth Services now owns 267 shares of the company’s stock valued at $26,000 after acquiring an additional 263 shares in the last quarter. Strategic Advocates LLC acquired a new stake in shares of Invesco Building & Construction ETF in the third quarter worth approximately $27,000. Finally, Global Retirement Partners LLC increased its position in shares of 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 purchasing an additional 283 shares in the last quarter.

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.