Invesco Building & Construction ETF (NYSEARCA:PKB) Short Interest Update

Invesco Building & Construction ETF (NYSEARCA:PKB) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 37,076 shares, a growth of 18.4% from the February 12th total of 31,325 shares. Based on an average trading volume of 33,542 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.0% of the shares of the stock are short sold. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 33,542 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PKB. EP Wealth Advisors LLC acquired a new position in Invesco Building & Construction ETF during the fourth quarter valued at $624,000. one8zero8 LLC acquired a new position in shares of Invesco Building & Construction ETF in the 4th quarter valued at about $31,000. Cetera Investment Advisers lifted its position in shares of Invesco Building & Construction ETF by 2.3% in the fourth quarter. Cetera Investment Advisers now owns 62,062 shares of the company’s stock worth $5,746,000 after purchasing an additional 1,408 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Invesco Building & Construction ETF by 5.1% in the fourth quarter. Osaic Holdings Inc. now owns 13,651 shares of the company’s stock worth $1,264,000 after purchasing an additional 668 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of Invesco Building & Construction ETF during the fourth quarter worth approximately $393,000.

Invesco Building & Construction ETF Price Performance

Shares of PKB traded up $0.40 during mid-day trading on Tuesday, hitting $98.48. The company’s stock had a trading volume of 15,245 shares, compared to its average volume of 41,758. The firm has a 50-day moving average price of $103.06 and a 200 day moving average price of $97.50. Invesco Building & Construction ETF has a fifty-two week low of $59.89 and a fifty-two week high of $111.24. The stock has a market capitalization of $367.33 million, a price-to-earnings ratio of 21.37 and a beta of 1.30.

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.