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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 430,294 shares, a growth of 100.3% from the June 30th total of 214,876 shares. Based on an average daily volume of 300,622 shares, the short-interest ratio is currently 1.4 days. Approximately 1.1% of the shares of the stock are sold short.

Invesco Taxable Municipal Bond ETF Stock Up 0.3%

Shares of BAB stock opened at $26.55 on Wednesday. The stock has a market cap of $1.03 billion, a P/E ratio of -202.23 and a beta of 0.29. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $26.29 and a fifty-two week high of $27.73. The business has a fifty day simple moving average of $26.70 and a 200-day simple moving average of $26.96.

Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF

Several hedge funds have recently bought and sold shares of the stock. Annex Advisory Services LLC acquired a new stake in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter valued at $83,386,000. Jane Street Group LLC boosted its position in Invesco Taxable Municipal Bond ETF by 44.4% during the second quarter. Jane Street Group LLC now owns 565,488 shares of the company’s stock worth $15,002,000 after acquiring an additional 173,932 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the 4th quarter worth approximately $3,460,000. Bank of Montreal Can raised its holdings in Invesco Taxable Municipal Bond ETF by 12.9% in the 3rd quarter. Bank of Montreal Can now owns 830,686 shares of the company’s stock valued at $22,669,000 after acquiring an additional 95,132 shares during the last quarter. Finally, AE Wealth Management LLC lifted its stake in shares of Invesco Taxable Municipal Bond ETF by 3,306.4% during the 4th quarter. AE Wealth Management LLC now owns 87,715 shares of the company’s stock worth $2,386,000 after purchasing an additional 85,140 shares during the period.

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.