Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Short Interest Down 65.5% in January

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 228,043 shares, a decline of 65.5% from the January 15th total of 661,790 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 162,970 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 162,970 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.6% of the shares of the stock are sold short.

Invesco Taxable Municipal Bond ETF Trading Down 0.3%

BAB stock traded down $0.09 during mid-day trading on Wednesday, reaching $27.29. The company’s stock had a trading volume of 28,266 shares, compared to its average volume of 166,397. The stock has a market cap of $1.06 billion, a PE ratio of -202.23 and a beta of 0.32. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.59 and a fifty-two week high of $27.69. The company’s 50 day moving average is $27.21 and its two-hundred day moving average is $27.16.

Invesco Taxable Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a dividend of $0.0916 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 4.0%.

Institutional Trading of Invesco Taxable Municipal Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sarver Vrooman Wealth Advisors acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in Invesco Taxable Municipal Bond ETF during the fourth quarter worth about $32,000. Northwestern Mutual Wealth Management Co. raised its stake in Invesco Taxable Municipal Bond ETF by 8.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 314,672 shares of the company’s stock worth $8,559,000 after purchasing an additional 24,954 shares during the period. Moors & Cabot Inc. boosted its holdings in Invesco Taxable Municipal Bond ETF by 43.2% in the 4th quarter. Moors & Cabot Inc. now owns 22,079 shares of the company’s stock valued at $601,000 after purchasing an additional 6,656 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in Invesco Taxable Municipal Bond ETF by 6.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 758,986 shares of the company’s stock valued at $20,644,000 after purchasing an additional 45,701 shares during 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.