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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 661,790 shares, a growth of 19.3% from the December 31st total of 554,531 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily volume of 204,224 shares, the days-to-cover ratio is presently 3.2 days. Based on an average daily volume of 204,224 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.7% of the company’s stock are sold short.

Invesco Taxable Municipal Bond ETF Trading Down 0.1%

BAB stock opened at $26.99 on Thursday. The stock has a market cap of $1.04 billion, a P/E ratio of -202.23 and a beta of 0.32. Invesco Taxable Municipal Bond ETF has a twelve month low of $25.59 and a twelve month high of $27.69. The company’s 50 day moving average is $27.22 and its two-hundred day moving average is $27.13.

Invesco Taxable Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a $0.0916 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Tuesday, January 20th.

Institutional Trading of Invesco Taxable Municipal Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AlphaCore Capital LLC acquired a new position in Invesco Taxable Municipal Bond ETF during the second quarter worth approximately $33,000. Chapman Financial Group LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the 2nd quarter valued at $42,000. Premier Financial Group acquired a new stake in Invesco Taxable Municipal Bond ETF during the 3rd quarter worth $54,000. Clayton Financial Group LLC purchased a new position in Invesco Taxable Municipal Bond ETF during the 3rd quarter worth $55,000. Finally, AE Wealth Management LLC increased its stake in Invesco Taxable Municipal Bond ETF by 1,726.2% in the third quarter. AE Wealth Management LLC now owns 2,575 shares of the company’s stock valued at $70,000 after purchasing an additional 2,434 shares during the period.

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.