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

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

Invesco Taxable Municipal Bond ETF Stock Performance

BAB opened at $25.35 on Friday. The company has a fifty day moving average price of $26.16 and a two-hundred day moving average price of $26.58. Invesco Taxable Municipal Bond ETF has a 52 week low of $25.23 and a 52 week high of $27.73. The firm has a market capitalization of $844.15 million, a PE ratio of -202.23 and a beta of 0.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BAB. Annex Advisory Services LLC increased its holdings in Invesco Taxable Municipal Bond ETF by 4.8% in the second quarter. Annex Advisory Services LLC now owns 3,331,378 shares of the company’s stock valued at $89,414,000 after purchasing an additional 151,384 shares during the last quarter. Gould Asset Management LLC CA boosted its holdings in Invesco Taxable Municipal Bond ETF by 2.2% during the first quarter. Gould Asset Management LLC CA now owns 668,113 shares of the company’s stock worth $18,012,000 after buying an additional 14,255 shares during the last quarter. Tortoise Investment Management LLC grew its position in shares of Invesco Taxable Municipal Bond ETF by 8.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 464,700 shares of the company’s stock worth $12,473,000 after buying an additional 36,222 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco Taxable Municipal Bond ETF by 8.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 314,672 shares of the company’s stock worth $8,559,000 after buying an additional 24,954 shares during the period. Finally, Maltin Wealth Management Inc. increased its stake in shares of Invesco Taxable Municipal Bond ETF by 3.5% in the 1st quarter. Maltin Wealth Management Inc. now owns 290,214 shares of the company’s stock valued at $7,824,000 after acquiring an additional 9,878 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.