Invesco Building & Construction ETF (NYSEARCA:PKB) Short Interest Down 37.9% in April

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 16,145 shares, a decline of 37.9% from the April 15th total of 25,991 shares. Based on an average daily volume of 14,091 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco Building & Construction ETF

Several institutional investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP raised its stake in Invesco Building & Construction ETF by 40.5% during the first quarter. Quantinno Capital Management LP now owns 8,643 shares of the company’s stock worth $843,000 after purchasing an additional 2,491 shares during the period. Cetera Investment Advisers grew its holdings in Invesco Building & Construction ETF by 105.3% during the 1st quarter. Cetera Investment Advisers now owns 127,427 shares of the company’s stock valued at $12,433,000 after purchasing an additional 65,365 shares in the last quarter. Independent Financial Group LLC acquired a new stake in Invesco Building & Construction ETF during the 1st quarter valued at approximately $1,713,000. Sigma Planning Corp raised its holdings in Invesco Building & Construction ETF by 11.4% in the first quarter. Sigma Planning Corp now owns 4,625 shares of the company’s stock valued at $451,000 after acquiring an additional 473 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of Invesco Building & Construction ETF in the 1st quarter valued at about $52,000.

Invesco Building & Construction ETF Stock Down 2.8%

Shares of NYSEARCA PKB traded down $2.98 during midday trading on Friday, hitting $102.10. The company had a trading volume of 19,213 shares, compared to its average volume of 30,369. The business has a 50-day simple moving average of $102.05 and a two-hundred day simple moving average of $99.94. The firm has a market capitalization of $427.80 million, a price-to-earnings ratio of 21.37 and a beta of 1.31. Invesco Building & Construction ETF has a twelve month low of $75.53 and a twelve month high of $111.24.

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.