Invesco Building & Construction ETF (NYSEARCA:PKB) Stock Short Interest Report for October

Invesco Building & Construction ETF (NYSEARCA:PKB) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 4,823 shares, a growth of 290.5% from the September 30th total of 1,235 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 22,613 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Invesco Building & Construction ETF

Large investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA bought a new stake in Invesco Building & Construction ETF during the 1st quarter worth approximately $28,000. Fifth Third Bancorp bought a new position in shares of Invesco Building & Construction ETF in the first quarter valued at approximately $52,000. Western Wealth Management LLC bought a new position in shares of Invesco Building & Construction ETF in the first quarter valued at approximately $97,000. Integrated Wealth Concepts LLC bought a new position in shares of Invesco Building & Construction ETF in the second quarter valued at approximately $170,000. Finally, Equitable Trust Co. purchased a new position in shares of Invesco Building & Construction ETF during the first quarter valued at approximately $250,000.

Invesco Building & Construction ETF Stock Performance

Shares of PKB stock traded up $2.19 during trading hours on Thursday, hitting $90.79. 9,875 shares of the company were exchanged, compared to its average volume of 28,453. The firm has a market cap of $263.29 million, a P/E ratio of 21.37 and a beta of 1.27. Invesco Building & Construction ETF has a fifty-two week low of $84.39 and a fifty-two week high of $115.81. The company has a 50 day simple moving average of $92.78 and a two-hundred day simple moving average of $101.00.

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.