Short Interest in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Declines By 41.4%

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 402,000 shares, a decrease of 41.4% from the August 15th total of 685,900 shares. Based on an average daily trading volume, of 127,700 shares, the short-interest ratio is presently 3.1 days. Approximately 1.2% of the shares of the stock are short sold. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 127,700 shares, the short-interest ratio is presently 3.1 days.

Invesco Taxable Municipal Bond ETF Stock Performance

NYSEARCA:BAB opened at $27.29 on Monday. The stock’s 50-day simple moving average is $26.63 and its 200 day simple moving average is $26.44. The company has a market cap of $952.42 million, a P/E ratio of -202.23 and a beta of 0.18. Invesco Taxable Municipal Bond ETF has a 52-week low of $25.59 and a 52-week high of $28.07.

Institutional Trading of Invesco Taxable Municipal Bond ETF

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 0.3% in the second quarter. Raymond James Financial Inc. now owns 1,537,781 shares of the company’s stock valued at $40,797,000 after acquiring an additional 4,693 shares in the last quarter. HighTower Advisors LLC lifted its stake in Invesco Taxable Municipal Bond ETF by 9.2% in the first quarter. HighTower Advisors LLC now owns 1,270,735 shares of the company’s stock worth $33,903,000 after purchasing an additional 106,775 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco Taxable Municipal Bond ETF by 3.5% in the second quarter. Ameriprise Financial Inc. now owns 1,210,388 shares of the company’s stock valued at $32,114,000 after acquiring an additional 41,295 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Invesco Taxable Municipal Bond ETF by 1.3% during the second quarter. Bank of America Corp DE now owns 1,101,433 shares of the company’s stock valued at $29,221,000 after purchasing an additional 14,485 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 5.0% during the second quarter. Bank of Montreal Can now owns 735,554 shares of the company’s stock valued at $19,514,000 after buying an additional 34,712 shares during the last quarter.

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.