Invesco Building & Construction ETF (NYSEARCA:PKB) Short Interest Update

Invesco Building & Construction ETF (NYSEARCA:PKB) was the target of a large decline in short interest in May. As of May 31st, there was short interest totalling 13,600 shares, a decline of 37.6% from the May 15th total of 21,800 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 41,200 shares, the days-to-cover ratio is currently 0.3 days.

Invesco Building & Construction ETF Trading Down 0.9%

Shares of NYSEARCA:PKB traded down $0.69 during trading on Tuesday, hitting $77.24. 6,734 shares of the stock were exchanged, compared to its average volume of 36,881. The company has a fifty day moving average price of $73.79 and a two-hundred day moving average price of $74.50. The company has a market cap of $217.06 million, a PE ratio of 22.92 and a beta of 1.28. Invesco Building & Construction ETF has a 12-month low of $59.89 and a 12-month high of $88.96.

Institutional Investors Weigh In On Invesco Building & Construction ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PKB. Bank of America Corp DE increased its holdings in shares of Invesco Building & Construction ETF by 25.2% during the 4th quarter. Bank of America Corp DE now owns 1,052,742 shares of the company’s stock worth $79,708,000 after buying an additional 212,105 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Invesco Building & Construction ETF in the 4th quarter worth approximately $13,651,000. Goldman Sachs Group Inc. lifted its stake in Invesco Building & Construction ETF by 1,539.1% during the first quarter. Goldman Sachs Group Inc. now owns 47,207 shares of the company’s stock worth $3,178,000 after purchasing an additional 44,327 shares during the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Invesco Building & Construction ETF during the first quarter worth $2,980,000. Finally, LPL Financial LLC lifted its holdings in Invesco Building & Construction ETF by 21.4% in the fourth quarter. LPL Financial LLC now owns 236,837 shares of the company’s stock worth $17,932,000 after acquiring an additional 41,796 shares during 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.