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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 618,900 shares, a growth of 54.0% from the August 31st total of 402,000 shares. Based on an average trading volume of 123,200 shares, the days-to-cover ratio is presently 5.0 days. Based on an average trading volume of 123,200 shares, the days-to-cover ratio is presently 5.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BAB. AlphaCore Capital LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF in the second quarter worth $33,000. Opal Wealth Advisors LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF in the first quarter worth $38,000. Chapman Financial Group LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF in the second quarter worth $42,000. Harbour Investments Inc. increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 25.7% in the second quarter. Harbour Investments Inc. now owns 5,824 shares of the company’s stock worth $155,000 after purchasing an additional 1,189 shares during the period. Finally, Apollon Wealth Management LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF in the second quarter worth $210,000.

Invesco Taxable Municipal Bond ETF Stock Performance

Invesco Taxable Municipal Bond ETF stock opened at $27.29 on Thursday. The stock has a market cap of $926.50 million, a P/E ratio of -202.23 and a beta of 0.18. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.59 and a fifty-two week high of $27.54. The firm’s fifty day moving average price is $26.96 and its 200-day moving average price is $26.50.

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.