Invesco Building & Construction ETF (NYSEARCA:PKB – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 4,000 shares, a decrease of 58.2% from the July 15th total of 9,567 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 8,710 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On Invesco Building & Construction ETF
A number of institutional investors have recently modified their holdings of PKB. NewEdge Advisors LLC raised its stake in shares of Invesco Building & Construction ETF by 3.3% during the first quarter. NewEdge Advisors LLC now owns 5,723 shares of the company’s stock valued at $385,000 after acquiring an additional 185 shares in the last quarter. Apollon Wealth Management LLC grew its stake in Invesco Building & Construction ETF by 10.2% in the fourth quarter. Apollon Wealth Management LLC now owns 2,690 shares of the company’s stock worth $249,000 after purchasing an additional 248 shares in the last quarter. Global Retirement Partners LLC grew its stake in Invesco Building & Construction ETF by 30.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,203 shares of the company’s stock worth $111,000 after purchasing an additional 283 shares in the last quarter. Glenmede Trust Co. NA purchased a new position in Invesco Building & Construction ETF during the 1st quarter worth $28,000. Finally, one8zero8 LLC purchased a new position in Invesco Building & Construction ETF during the 4th quarter worth $31,000.
Invesco Building & Construction ETF Stock Up 0.8%
PKB stock traded up $0.79 during trading on Friday, hitting $105.01. The company had a trading volume of 21,381 shares, compared to its average volume of 29,421. Invesco Building & Construction ETF has a 52-week low of $88.58 and a 52-week high of $115.81. The company has a 50 day simple moving average of $105.31 and a 200-day simple moving average of $104.07. The firm has a market capitalization of $450.49 million, a P/E ratio of 21.37 and a beta of 1.28.
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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