Invesco Building & Construction ETF (NYSEARCA:PKB) Sees Significant Growth in Short Interest

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 22,131 shares, an increase of 298.5% from the December 15th total of 5,554 shares. Based on an average trading volume of 13,753 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 13,753 shares, the days-to-cover ratio is presently 1.6 days.

Invesco Building & Construction ETF Price Performance

Shares of PKB stock traded up $0.35 during trading hours on Tuesday, reaching $100.24. The stock had a trading volume of 10,888 shares, compared to its average volume of 21,564. The firm has a market capitalization of $306.75 million, a PE ratio of 21.37 and a beta of 1.30. The firm has a 50-day simple moving average of $94.72 and a 200-day simple moving average of $91.93. Invesco Building & Construction ETF has a twelve month low of $59.89 and a twelve month high of $100.25.

Institutional Investors Weigh In On Invesco Building & Construction ETF

A number of hedge funds have recently made changes to their positions in PKB. UBS Group AG grew its holdings in Invesco Building & Construction ETF by 240.4% in the 3rd quarter. UBS Group AG now owns 66,043 shares of the company’s stock worth $6,314,000 after buying an additional 46,643 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Invesco Building & Construction ETF by 22.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 64,467 shares of the company’s stock worth $6,163,000 after acquiring an additional 11,925 shares during the period. Bank of America Corp DE grew its stake in shares of Invesco Building & Construction ETF by 6.6% in the third quarter. Bank of America Corp DE now owns 56,514 shares of the company’s stock worth $5,403,000 after purchasing an additional 3,494 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Invesco Building & Construction ETF by 14.8% during the second quarter. Avantax Advisory Services Inc. now owns 50,795 shares of the company’s stock valued at $4,081,000 after purchasing an additional 6,541 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of 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 valued at $3,178,000 after purchasing an additional 44,327 shares during the period.

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.