Invesco Building & Construction ETF (NYSEARCA:PKB – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,235 shares, a drop of 82.8% from the September 15th total of 7,171 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 18,499 shares, the days-to-cover ratio is currently 0.1 days.
Invesco Building & Construction ETF Price Performance
NYSEARCA:PKB opened at $90.70 on Friday. The firm has a 50-day moving average of $97.00 and a 200-day moving average of $101.68. Invesco Building & Construction ETF has a one year low of $88.88 and a one year high of $115.81. The company has a market cap of $272.10 million, a PE ratio of 21.37 and a beta of 1.27.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in shares of Invesco Building & Construction ETF by 308.4% in the first quarter. Royal Bank of Canada now owns 90,245 shares of the company’s stock worth $8,805,000 after purchasing an additional 68,150 shares during the last quarter. Cetera Investment Advisers lifted its stake in Invesco Building & Construction ETF by 105.3% in the first quarter. Cetera Investment Advisers now owns 127,427 shares of the company’s stock worth $12,433,000 after acquiring an additional 65,365 shares during the period. Bank of America Corp DE boosted its holdings in Invesco Building & Construction ETF by 86.9% in the first 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. Capital Asset Advisory Services LLC bought a new stake in Invesco Building & Construction ETF in the first quarter valued at $2,183,000. Finally, Independent Financial Group LLC purchased a new position in Invesco Building & Construction ETF during the 1st quarter valued at $1,713,000.
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.
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