Short Interest in Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Expands By 430.9%

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 43,000 shares, a growth of 430.9% from the January 15th total of 8,100 shares. Based on an average trading volume of 56,200 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSMU. Envestnet Asset Management Inc. raised its stake in Invesco BulletShares 2030 Municipal Bond ETF by 68.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 87,020 shares of the company’s stock valued at $1,890,000 after acquiring an additional 35,391 shares in the last quarter. StoneX Group Inc. bought a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the fourth quarter valued at about $624,000. Hobbs Group Advisors LLC lifted its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 22.2% in the fourth quarter. Hobbs Group Advisors LLC now owns 20,854 shares of the company’s stock worth $453,000 after purchasing an additional 3,795 shares during the period. LPL Financial LLC grew its position in Invesco BulletShares 2030 Municipal Bond ETF by 37.3% in the 4th quarter. LPL Financial LLC now owns 372,800 shares of the company’s stock valued at $8,097,000 after buying an additional 101,314 shares in the last quarter. Finally, Hills Bank & Trust Co grew its position in Invesco BulletShares 2030 Municipal Bond ETF by 477.0% in the 4th quarter. Hills Bank & Trust Co now owns 327,128 shares of the company’s stock valued at $7,105,000 after buying an additional 270,434 shares in the last quarter.

Invesco BulletShares 2030 Municipal Bond ETF Trading Down 0.3 %

Shares of NASDAQ:BSMU opened at $21.81 on Thursday. The company’s 50-day moving average price is $21.83 and its 200 day moving average price is $21.94. Invesco BulletShares 2030 Municipal Bond ETF has a fifty-two week low of $21.51 and a fifty-two week high of $22.34.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 21st were issued a dividend of $0.0506 per share. The ex-dividend date of this dividend was Tuesday, January 21st.

Invesco BulletShares 2030 Municipal Bond ETF Company Profile

The Invesco BulletShares 2030 Municipal Bond ETF (BSMU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade AMT-Free municipal bonds that mature by the end of 2030. BSMU was launched on Sep 16, 2020 and is managed by Invesco.