Invesco Building & Construction ETF (NYSEARCA:PKB) Short Interest Up 147.2% in June

Invesco Building & Construction ETF (NYSEARCA:PKB) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 41,068 shares, a growth of 147.2% from the June 15th total of 16,611 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 22,832 shares, the days-to-cover ratio is currently 1.8 days.

Invesco Building & Construction ETF Trading Up 1.5%

PKB stock traded up $1.54 during trading on Tuesday, hitting $103.71. 1,453 shares of the stock traded hands, compared to its average volume of 26,512. The stock has a market cap of $439.73 million, a price-to-earnings ratio of 21.37 and a beta of 1.27. Invesco Building & Construction ETF has a one year low of $81.23 and a one year high of $115.81. The company has a 50 day simple moving average of $105.82 and a 200 day simple moving average of $103.17.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Strategic Advocates LLC bought a new stake in Invesco Building & Construction ETF during the 3rd quarter worth approximately $27,000. Glenmede Trust Co. NA bought a new position in Invesco Building & Construction ETF in the 1st quarter valued at $28,000. one8zero8 LLC acquired a new position in Invesco Building & Construction ETF in the fourth quarter worth $31,000. Steward Partners Investment Advisory LLC acquired a new position in Invesco Building & Construction ETF in the fourth quarter worth $46,000. Finally, Fifth Third Bancorp bought a new stake in shares of Invesco Building & Construction ETF during the first quarter worth $52,000.

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.