Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 402,000 shares, a decline of 41.4% from the August 15th total of 685,900 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average trading volume of 127,700 shares, the days-to-cover ratio is currently 3.1 days. Based on an average trading volume of 127,700 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.2% of the shares of the company are short sold.
Invesco Taxable Municipal Bond ETF Stock Performance
Shares of NYSEARCA BAB opened at $27.29 on Monday. Invesco Taxable Municipal Bond ETF has a one year low of $25.59 and a one year high of $28.07. The company’s fifty day moving average is $26.63 and its two-hundred day moving average is $26.44. The firm has a market capitalization of $952.42 million, a P/E ratio of -202.23 and a beta of 0.18.
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Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaCore Capital LLC acquired a new position in Invesco Taxable Municipal Bond ETF during the second quarter worth about $33,000. Opal Wealth Advisors LLC bought a new stake in Invesco Taxable Municipal Bond ETF in the first quarter valued at $38,000. Chapman Financial Group LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF during the second quarter worth $42,000. Harbour Investments Inc. increased its position in 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 stake in shares of Invesco Taxable Municipal Bond ETF in the 2nd quarter valued at about $210,000.
Invesco Taxable Municipal Bond ETF Company Profile
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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.
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