Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Stock Short Interest Report for September

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 705,772 shares, a decrease of 39.2% from the September 15th total of 1,161,225 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 386,982 shares, the days-to-cover ratio is currently 1.8 days.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of BAB stock traded down $0.11 during mid-day trading on Friday, reaching $25.66. 145,610 shares of the company were exchanged, compared to its average volume of 252,875. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.15 and a fifty-two week high of $27.73. The company has a market capitalization of $857.18 million, a P/E ratio of -202.23 and a beta of 0.30. The business’s 50 day simple moving average is $25.96 and its 200 day simple moving average is $26.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gill Capital Partners LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the second quarter valued at $46,000. Western Wealth Management LLC acquired a new stake in shares of Invesco Taxable Municipal Bond ETF in the 1st quarter worth about $78,000. Farther Finance Advisors LLC boosted its stake in Invesco Taxable Municipal Bond ETF by 22,840.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,441 shares of the company’s stock valued at $87,000 after purchasing an additional 3,426 shares during the period. Fifth Third Bancorp acquired a new position in Invesco Taxable Municipal Bond ETF during the 1st quarter valued at about $150,000. Finally, Acorn Wealth Advisors LLC bought a new position in Invesco Taxable Municipal Bond ETF in the 2nd quarter worth about $265,000.

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. 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.