Short Interest in Invesco Building & Construction ETF (NYSEARCA:PKB) Drops By 58.2%

Invesco Building & Construction ETF (NYSEARCA:PKB) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 4,000 shares, a drop of 58.2% from the July 15th total of 9,567 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 8,710 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Building & Construction ETF Stock Performance

NYSEARCA:PKB traded up $0.79 on Friday, hitting $105.01. 21,381 shares of the stock were exchanged, compared to its average volume of 29,421. Invesco Building & Construction ETF has a 52 week low of $88.58 and a 52 week high of $115.81. The stock has a market capitalization of $450.49 million, a price-to-earnings ratio of 21.37 and a beta of 1.28. The company’s 50-day moving average price is $105.31 and its 200 day moving average price is $104.04.

Hedge Funds Weigh In On Invesco Building & Construction ETF

Large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of 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 purchasing an additional 68,150 shares during the period. Cetera Investment Advisers increased its holdings in 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 purchasing an additional 65,365 shares during the last quarter. Bank of America Corp DE increased its stake 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 valued at $11,809,000 after acquiring an additional 56,264 shares during the last quarter. UBS Group AG boosted its stake in Invesco Building & Construction ETF by 240.4% during the 3rd quarter. UBS Group AG now owns 66,043 shares of the company’s stock worth $6,314,000 after acquiring an additional 46,643 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Invesco Building & Construction ETF by 1,539.1% in 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 in the last quarter.

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.