Invesco Building & Construction ETF (NYSEARCA:PKB) Stock Short Interest Report for October

Invesco Building & Construction ETF (NYSEARCA:PKB) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 4,823 shares, an increase of 290.5% from the September 30th total of 1,235 shares. Based on an average daily volume of 22,613 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Invesco Building & Construction ETF Price Performance

Shares of PKB stock traded up $1.50 during trading on Friday, hitting $90.09. 3,000 shares of the stock traded hands, compared to its average volume of 28,452. Invesco Building & Construction ETF has a 52-week low of $84.39 and a 52-week high of $115.81. The firm’s fifty day moving average price is $92.54 and its 200-day moving average price is $100.96. The firm has a market capitalization of $261.28 million, a P/E ratio of 21.37 and a beta of 1.27.

Institutional Trading of Invesco Building & Construction ETF

Several hedge funds have recently modified their holdings of the stock. Glenmede Trust Co. NA acquired a new stake in Invesco Building & Construction ETF in the first quarter valued at $28,000. Fifth Third Bancorp acquired a new position in Invesco Building & Construction ETF in the 1st quarter valued at about $52,000. Western Wealth Management LLC purchased a new stake in shares of Invesco Building & Construction ETF during the first quarter worth approximately $97,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco Building & Construction ETF in the 2nd quarter worth $170,000. Finally, Equitable Trust Co. purchased a new position in Invesco Building & Construction ETF during the first quarter worth about $250,000.

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.