Invesco Building & Construction ETF (NYSEARCA:PKB – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 972 shares, a decline of 75.7% from the July 30th total of 4,000 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 92,813 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On Invesco Building & Construction ETF
A number of hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC raised its holdings in Invesco Building & Construction ETF by 3.3% in the 1st quarter. NewEdge Advisors LLC now owns 5,723 shares of the company’s stock valued at $385,000 after buying an additional 185 shares during the period. Goldman Sachs Group Inc. boosted 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 buying an additional 44,327 shares during the period. Jane Street Group LLC boosted its stake in Invesco Building & Construction ETF by 38.0% during the first quarter. Jane Street Group LLC now owns 4,414 shares of the company’s stock worth $297,000 after buying an additional 1,215 shares during the period. BNP Paribas Financial Markets increased its position in shares of Invesco Building & Construction ETF by 244.8% during the third quarter. BNP Paribas Financial Markets now owns 20,000 shares of the company’s stock valued at $1,912,000 after acquiring an additional 14,200 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Invesco Building & Construction ETF by 240.4% during the third quarter. UBS Group AG now owns 66,043 shares of the company’s stock valued at $6,314,000 after acquiring an additional 46,643 shares during the last quarter.
Invesco Building & Construction ETF Price Performance
PKB traded down $0.43 during trading hours on Thursday, reaching $99.44. The company’s stock had a trading volume of 20,930 shares, compared to its average volume of 29,154. The stock has a market cap of $426.60 million, a PE ratio of 21.37 and a beta of 1.28. Invesco Building & Construction ETF has a fifty-two week low of $88.88 and a fifty-two week high of $115.81. The business’s 50-day moving average is $104.68 and its 200-day moving average is $104.09.
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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