Invesco Building & Construction ETF (NYSEARCA:PKB – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 3,003 shares, a growth of 209.0% from the August 15th total of 972 shares. Based on an average daily volume of 28,859 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.
Invesco Building & Construction ETF Stock Up 2.0%
Shares of NYSEARCA:PKB traded up $1.85 during midday trading on Friday, reaching $94.84. The company’s stock had a trading volume of 18,134 shares, compared to its average volume of 30,023. The firm has a market cap of $406.86 million, a price-to-earnings ratio of 21.37 and a beta of 1.27. The business has a 50 day moving average price of $101.24 and a 200 day moving average price of $103.10. Invesco Building & Construction ETF has a 1 year low of $88.88 and a 1 year high of $115.81.
Institutional Trading of Invesco Building & Construction ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA acquired a new position in shares of Invesco Building & Construction ETF during the 1st quarter valued at about $28,000. one8zero8 LLC acquired a new stake in shares of Invesco Building & Construction ETF in the fourth quarter worth approximately $31,000. Steward Partners Investment Advisory LLC purchased a new stake in Invesco Building & Construction ETF in the fourth quarter valued at approximately $46,000. Fifth Third Bancorp acquired a new position in Invesco Building & Construction ETF during the first quarter worth approximately $52,000. Finally, Western Wealth Management LLC acquired a new position in Invesco Building & Construction ETF during the first quarter worth approximately $97,000.
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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