Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Short Interest Update

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 430,294 shares, an increase of 100.3% from the June 30th total of 214,876 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 300,622 shares, the days-to-cover ratio is currently 1.4 days.

Invesco Taxable Municipal Bond ETF Stock Up 0.3%

Shares of NYSEARCA:BAB opened at $26.55 on Wednesday. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $26.29 and a fifty-two week high of $27.73. The firm’s 50-day simple moving average is $26.70 and its 200-day simple moving average is $26.96. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -202.23 and a beta of 0.29.

Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF

A number of large investors have recently modified their holdings of the business. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter worth $32,000. Chapman Financial Group LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF in the 2nd quarter valued at about $42,000. Western Wealth Management LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF in the 1st quarter valued at about $78,000. Finally, IFP Advisors Inc boosted its holdings in Invesco Taxable Municipal Bond ETF by 26.6% during the fourth quarter. IFP Advisors Inc now owns 3,508 shares of the company’s stock worth $95,000 after buying an additional 736 shares in the last quarter.

About Invesco Taxable Municipal Bond ETF

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.