Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Stock Short Interest Report for September

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 705,772 shares, a drop of 39.2% from the September 15th total of 1,161,225 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily volume of 386,982 shares, the days-to-cover ratio is currently 1.8 days.

Invesco Taxable Municipal Bond ETF Trading Down 0.3%

BAB traded down $0.08 on Friday, hitting $25.69. The company had a trading volume of 228,572 shares, compared to its average volume of 253,319. The firm has a market cap of $858.05 million, a P/E ratio of -202.23 and a beta of 0.30. Invesco Taxable Municipal Bond ETF has a 1 year low of $25.15 and a 1 year high of $27.73. The company’s fifty day moving average price is $25.94 and its 200 day moving average price is $26.47.

Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF

Institutional investors have recently made changes to their positions in the stock. United Asset Strategies Inc. lifted its position in shares of Invesco Taxable Municipal Bond ETF by 2.4% during the 1st quarter. United Asset Strategies Inc. now owns 20,697 shares of the company’s stock worth $558,000 after buying an additional 492 shares during the last quarter. Traub Capital Management LLC grew its position in shares of Invesco Taxable Municipal Bond ETF by 5.2% in the 1st quarter. Traub Capital Management LLC now owns 17,525 shares of the company’s stock valued at $472,000 after buying an additional 860 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 10.3% during the first quarter. First Trust Advisors LP now owns 11,333 shares of the company’s stock worth $306,000 after purchasing an additional 1,055 shares during the last quarter. Gill Capital Partners LLC acquired a new position in Invesco Taxable Municipal Bond ETF during the second quarter worth approximately $46,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 50,989 shares of the company’s stock valued at $1,369,000 after acquiring an additional 1,739 shares during the period.

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.