  This paper presents improved constraints on the low-mass stellar initial mass function (IMF) of the Bo\"otes I (Boo~I) ultrafaint dwarf galaxy, based on our analysis of recent deep imaging from the Hubble Space Telescope. The identification of candidate stellar members of Boo~I in the photometric catalog produced from these data was achieved using a Bayesian approach, informed by complementary archival imaging data for the Hubble Ultra Deep Field. Additionally, the existence of earlier-epoch data for the fields in Boo~I allowed us to derive proper motions for a subset of the sources and thus identify and remove likely Milky Way stars. We were also able to determine the absolute proper motion of Boo~I, and our result is in agreement with, but completely independent of, the measurement(s) by \textit{Gaia}. The best-fitting parameter values of three different forms of the low-mass IMF were then obtained through forward modeling of the color-magnitude data for likely Boo~I member stars within an approximate Bayesian computation Markov chain Monte Carlo algorithm. The best-fitting single power-law IMF slope is $\alpha = -1.95_{-0.28}^{+0.32}$, while the best-fitting broken power-law slopes are $\alpha_1 = -1.67_{-0.57}^{+0.48}$ and $\alpha_2 = -2.57_{-1.04}^{+0.93}$. The best-fitting lognormal characteristic mass and width parameters are $\rm{M}_{\rm{c}} = 0.17_{-0.11}^{+0.05} \cal M_\odot$ and $\sigma=0.49_{-0.20}^{+0.13}$. These broken power-law and lognormal IMF parameters for Boo~I are consistent with published results for the stars within the Milky Way and thus it is plausible that Bo{\"o}tes I and the Milky Way are populated by the same stellar IMF. 
Faint Stars in a Faint Galaxy: II. The Low Mass Stellar Initial Mass   Function of the Bo\"otes I Ultrafaint Dwarf Spheroidal Galaxy