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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) was the recipient of a large growth in short interest during 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. Currently, 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 300,622 shares, the days-to-cover ratio is currently 1.4 days.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of BAB stock remained flat at $26.37 during trading hours on Thursday. The stock had a trading volume of 283,108 shares, compared to its average volume of 188,307. Invesco Taxable Municipal Bond ETF has a one year low of $26.29 and a one year high of $27.73. The company has a market capitalization of $1.02 billion, a PE ratio of -202.23 and a beta of 0.29. The business’s fifty day simple moving average is $26.70 and its two-hundred day simple moving average is $26.95.

Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of BAB. Sarver Vrooman Wealth Advisors bought a new stake in Invesco Taxable Municipal Bond ETF in the 4th quarter valued at $26,000. Root Financial Partners LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter worth about $32,000. Chapman Financial Group LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the second quarter valued at about $42,000. Western Wealth Management LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the first quarter valued at about $78,000. Finally, IFP Advisors Inc raised its position in shares of Invesco Taxable Municipal Bond ETF by 26.6% during the fourth quarter. IFP Advisors Inc now owns 3,508 shares of the company’s stock valued at $95,000 after buying an additional 736 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.