Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Sees Large Increase in Short Interest

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 387,522 shares, an increase of 76.6% from the February 26th total of 219,406 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 189,889 shares, the short-interest ratio is presently 2.0 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BAB. World Investment Advisors lifted its holdings in Invesco Taxable Municipal Bond ETF by 75.3% in the fourth quarter. World Investment Advisors now owns 48,139 shares of the company’s stock valued at $1,309,000 after acquiring an additional 20,673 shares during the period. Corient Private Wealth LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter worth $3,460,000. Astoria Portfolio Advisors LLC. increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 12.6% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 111,806 shares of the company’s stock valued at $3,078,000 after purchasing an additional 12,504 shares in the last quarter. Hyposwiss Advisors SA acquired a new stake in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter valued at about $567,000. Finally, Guggenheim Capital LLC lifted its stake in shares of Invesco Taxable Municipal Bond ETF by 4.9% in the fourth quarter. Guggenheim Capital LLC now owns 266,597 shares of the company’s stock valued at $7,251,000 after purchasing an additional 12,536 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Down 0.2%

NYSEARCA BAB traded down $0.05 during trading hours on Friday, hitting $26.68. 52,998 shares of the stock were exchanged, compared to its average volume of 169,024. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -202.23 and a beta of 0.32. Invesco Taxable Municipal Bond ETF has a 12-month low of $25.59 and a 12-month high of $27.73. The stock has a 50-day moving average of $27.23 and a 200 day moving average of $27.29.

Invesco Taxable Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were issued a $0.0886 dividend. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, February 23rd.

Invesco Taxable Municipal Bond ETF Company Profile

PowerShares Build America Bond Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called The BofA Merrill Lynch Build America Bond Index (the Index). The Fund will normally invests at least 80% of its total assets in the securities that comprise the Index. The Index is designed to track the performance of the United States dollar-denominated Build America Bonds publicly issued by the United States and territories, and their political subdivisions, in the United States market.