Short Interest in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Grows By 100.3%

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

Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF

Several institutional investors have recently added to or reduced their stakes in BAB. AE Wealth Management LLC boosted its holdings in shares of Invesco Taxable Municipal Bond ETF by 3,306.4% during the fourth quarter. AE Wealth Management LLC now owns 87,715 shares of the company’s stock worth $2,386,000 after purchasing an additional 85,140 shares during the period. Annex Advisory Services LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter worth about $83,386,000. Patten Group Inc. increased its holdings in Invesco Taxable Municipal Bond ETF by 22.0% during the 4th quarter. Patten Group Inc. now owns 104,654 shares of the company’s stock valued at $2,847,000 after purchasing an additional 18,899 shares during the period. Capstone Capital LLC increased its holdings in Invesco Taxable Municipal Bond ETF by 1,077.3% during the 4th quarter. Capstone Capital LLC now owns 23,652 shares of the company’s stock valued at $643,000 after purchasing an additional 21,643 shares during the period. Finally, Maltin Wealth Management Inc. raised its position in Invesco Taxable Municipal Bond ETF by 10.5% during the 4th quarter. Maltin Wealth Management Inc. now owns 280,336 shares of the company’s stock valued at $7,625,000 after purchasing an additional 26,706 shares during the last quarter.

Invesco Taxable Municipal Bond ETF Trading Down 0.3%

Shares of NYSEARCA:BAB traded down $0.09 during trading on Friday, reaching $26.28. 43,338 shares of the company traded hands, compared to its average volume of 187,272. Invesco Taxable Municipal Bond ETF has a 52-week low of $26.27 and a 52-week high of $27.73. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -202.23 and a beta of 0.29. The business’s fifty day moving average is $26.70 and its 200-day moving average is $26.95.

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.