Invesco Building & Construction ETF (NYSEARCA:PKB – Get Free Report) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 41,068 shares, an increase of 147.2% from the June 15th total of 16,611 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 22,832 shares, the short-interest ratio is currently 1.8 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC raised its stake in shares of Invesco Building & Construction ETF by 16.2% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 5,794 shares of the company’s stock worth $649,000 after purchasing an additional 808 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Invesco Building & Construction ETF by 7.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 7,900 shares of the company’s stock valued at $885,000 after buying an additional 550 shares during the period. Glenmede Trust Co. NA bought a new position in Invesco Building & Construction ETF during the first quarter valued at about $28,000. Western Wealth Management LLC purchased a new stake in Invesco Building & Construction ETF during the first quarter worth about $97,000. Finally, Bank of America Corp DE increased its holdings in Invesco Building & Construction ETF by 86.9% during the first quarter. Bank of America Corp DE now owns 121,030 shares of the company’s stock worth $11,809,000 after buying an additional 56,264 shares during the last quarter.
Invesco Building & Construction ETF Trading Up 0.1%
Shares of PKB traded up $0.11 on Wednesday, reaching $103.91. 11,498 shares of the company’s stock traded hands, compared to its average volume of 26,532. The stock has a market cap of $442.66 million, a PE ratio of 21.37 and a beta of 1.27. The stock’s 50 day simple moving average is $105.58 and its two-hundred day simple moving average is $103.29. Invesco Building & Construction ETF has a 52-week low of $81.23 and a 52-week high of $115.81.
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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