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

Invesco Building & Construction ETF (NYSEARCA:PKB) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 55,334 shares, a growth of 250.3% from the January 15th total of 15,798 shares. Based on an average daily volume of 81,504 shares, the short-interest ratio is currently 0.7 days. Approximately 1.5% of the company’s stock are sold short. Approximately 1.5% of the company’s stock are sold short. Based on an average daily volume of 81,504 shares, the short-interest ratio is currently 0.7 days.

Invesco Building & Construction ETF Stock Up 1.7%

Shares of NYSEARCA PKB traded up $1.82 during trading on Friday, reaching $109.19. 17,147 shares of the company traded hands, compared to its average volume of 50,365. The stock has a market capitalization of $407.28 million, a PE ratio of 21.37 and a beta of 1.30. Invesco Building & Construction ETF has a 52-week low of $59.89 and a 52-week high of $110.45. The firm has a 50 day simple moving average of $98.91 and a 200-day simple moving average of $95.07.

Institutional Trading of Invesco Building & Construction ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Preferred LLC bought a new position in Invesco Building & Construction ETF in the 2nd quarter worth about $26,000. Peterson Wealth Services grew its holdings in shares of Invesco Building & Construction ETF by 6,575.0% during the third quarter. Peterson Wealth Services now owns 267 shares of the company’s stock valued at $26,000 after buying an additional 263 shares during the last quarter. Strategic Advocates LLC acquired a new position in Invesco Building & Construction ETF in the 3rd quarter worth approximately $27,000. Copia Wealth Management acquired a new stake in Invesco Building & Construction ETF during the 3rd quarter worth about $46,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Invesco Building & Construction ETF during the 4th quarter valued at approximately $46,000.

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.