Invesco Building & Construction ETF (NYSEARCA:PKB – Get Free Report) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 7,171 shares, a growth of 138.8% from the August 31st total of 3,003 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 43,514 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers lifted its stake in shares of Invesco Building & Construction ETF by 105.3% in the first quarter. Cetera Investment Advisers now owns 127,427 shares of the company’s stock valued at $12,433,000 after buying an additional 65,365 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Invesco Building & Construction ETF by 86.9% in the 1st quarter. Bank of America Corp DE now owns 121,030 shares of the company’s stock worth $11,809,000 after acquiring an additional 56,264 shares during the last quarter. Royal Bank of Canada lifted its position in Invesco Building & Construction ETF by 308.4% in the 1st quarter. Royal Bank of Canada now owns 90,245 shares of the company’s stock valued at $8,805,000 after acquiring an additional 68,150 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco Building & Construction ETF by 14.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 73,650 shares of the company’s stock valued at $6,819,000 after acquiring an additional 9,183 shares in the last quarter. Finally, Capital Asset Advisory Services LLC acquired a new position in Invesco Building & Construction ETF during the 1st quarter valued at about $2,183,000.
Invesco Building & Construction ETF Price Performance
Shares of PKB traded up $1.34 during trading hours on Friday, hitting $92.61. The stock had a trading volume of 7,617 shares, compared to its average volume of 29,645. Invesco Building & Construction ETF has a 1-year low of $88.88 and a 1-year high of $115.81. The firm has a market capitalization of $287.09 million, a P/E ratio of 21.37 and a beta of 1.27. The firm has a 50 day simple moving average of $98.87 and a 200-day simple moving average of $102.08.
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.
See Also
- Five stocks we like better than Invesco Building & Construction ETF
- Data Centers Got the AI Hype—But Office REITs May Get the Rent Hikes
- 2 Cybersecurity Stocks Breaking Out as AI Continues to Be a Tailwind
- 3 More AI Infrastructure Plays Beyond the Big Names
- CAVA Stock Slips: Sector Fear or Valuation Reality?
Receive News & Ratings for Invesco Building & Construction ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Building & Construction ETF and related companies with MarketBeat.com's FREE daily email newsletter.
