Invesco Building & Construction ETF (NYSEARCA:PKB) Sees Significant Increase in Short Interest

Invesco Building & Construction ETF (NYSEARCA:PKB) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 22,131 shares, a growth of 298.5% from the December 15th total of 5,554 shares. Based on an average trading volume of 13,753 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.7% of the company’s shares are sold short. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 13,753 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Invesco Building & Construction ETF

A number of large investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its stake in shares of Invesco Building & Construction ETF by 3.3% during 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 period. Goldman Sachs Group Inc. increased its position in 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 during the period. Jane Street Group LLC raised its holdings in 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 worth $297,000 after purchasing an additional 1,215 shares in the last quarter. Farther Finance Advisors LLC bought a new position in Invesco Building & Construction ETF in the 2nd quarter worth $121,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Invesco Building & Construction ETF in the 2nd quarter worth about $210,000.

Invesco Building & Construction ETF Trading Down 1.4%

Invesco Building & Construction ETF stock opened at $98.94 on Thursday. The firm has a market cap of $308.69 million, a P/E ratio of 21.37 and a beta of 1.30. Invesco Building & Construction ETF has a 1-year low of $59.89 and a 1-year high of $100.41. The firm has a 50-day moving average of $94.88 and a 200-day moving average of $92.12.

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.