Invesco Building & Construction ETF (NYSEARCA:PKB – Get Free Report) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 9,567 shares, a decline of 76.7% from the June 30th total of 41,068 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 21,115 shares, the short-interest ratio is presently 0.5 days.
Institutional Trading of Invesco Building & Construction ETF
Several hedge funds have recently modified their holdings of the company. Wealthcare Advisory Partners LLC boosted its holdings in shares of Invesco Building & Construction ETF by 16.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 5,794 shares of the company’s stock valued at $649,000 after buying an additional 808 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Invesco Building & Construction ETF by 7.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,900 shares of the company’s stock worth $885,000 after acquiring an additional 550 shares in the last quarter. Glenmede Trust Co. NA purchased a new stake in Invesco Building & Construction ETF during the first quarter valued at approximately $28,000. Western Wealth Management LLC purchased a new stake in Invesco Building & Construction ETF during the first quarter valued at approximately $97,000. Finally, Bank of America Corp DE boosted its stake 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.
Invesco Building & Construction ETF Stock Up 0.0%
Shares of NYSEARCA PKB traded up $0.03 during mid-day trading on Friday, reaching $102.41. 4,538 shares of the company were exchanged, compared to its average volume of 25,575. Invesco Building & Construction ETF has a 1 year low of $82.88 and a 1 year high of $115.81. The firm has a 50-day moving average of $105.25 and a 200 day moving average of $103.63. The stock has a market cap of $439.34 million, a price-to-earnings ratio of 21.37 and a beta of 1.27.
Invesco Building & Construction ETF Company Profile
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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