Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Sees Large Drop in Short Interest

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 228,043 shares, a decrease of 65.5% from the January 15th total of 661,790 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 162,970 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 162,970 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF

Several hedge funds have recently modified their holdings of the company. Sarver Vrooman Wealth Advisors purchased a new position in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter valued at $32,000. AlphaCore Capital LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF during the 2nd quarter worth $33,000. Chapman Financial Group LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF during the 2nd quarter worth $42,000. Finally, Premier Financial Group acquired a new stake in shares of Invesco Taxable Municipal Bond ETF during the third quarter worth $54,000.

Invesco Taxable Municipal Bond ETF Trading Up 0.2%

Shares of NYSEARCA BAB traded up $0.06 during trading on Thursday, reaching $27.38. The company had a trading volume of 849,898 shares, compared to its average volume of 191,062. Invesco Taxable Municipal Bond ETF has a twelve month low of $25.59 and a twelve month high of $27.69. The stock has a 50-day moving average price of $27.21 and a two-hundred day moving average price of $27.17. The stock has a market capitalization of $1.06 billion, a PE ratio of -202.23 and a beta of 0.32.

Invesco Taxable Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a $0.0916 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 4.0%.

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.