Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Shares Shorted: Short Interest Up 74.3% in September

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,161,225 shares, an increase of 74.3% from the August 31st total of 666,036 shares. Based on an average daily volume of 403,237 shares, the days-to-cover ratio is presently 2.9 days. Approximately 3.5% of the company’s stock are sold short.

Invesco Taxable Municipal Bond ETF Trading Up 0.2%

BAB traded up $0.06 on Thursday, hitting $25.36. 363,472 shares of the company were exchanged, compared to its average volume of 245,482. Invesco Taxable Municipal Bond ETF has a twelve month low of $25.23 and a twelve month high of $27.73. The company has a market cap of $844.49 million, a price-to-earnings ratio of -202.23 and a beta of 0.30. The firm has a 50-day moving average price of $26.18 and a two-hundred day moving average price of $26.59.

Institutional Trading of Invesco Taxable Municipal Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter worth approximately $26,000. Root Financial Partners LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the fourth quarter valued at $32,000. Gill Capital Partners LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the second quarter valued at $46,000. Western Wealth Management LLC acquired a new position in Invesco Taxable Municipal Bond ETF in the first quarter valued at $78,000. Finally, Fifth Third Bancorp acquired a new position in Invesco Taxable Municipal Bond ETF in the first quarter valued at $150,000.

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.