Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Sees Significant Growth in Short Interest

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 40,563 shares, a growth of 176.5% from the May 14th total of 14,668 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 50,398 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Invesco BulletShares 2031 Municipal Bond ETF

A number of large investors have recently modified their holdings of BSMV. Hills Bank & Trust Co raised its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 242.5% during the 4th quarter. Hills Bank & Trust Co now owns 441,580 shares of the company’s stock worth $9,333,000 after buying an additional 312,658 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 527.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 317,976 shares of the company’s stock worth $6,720,000 after buying an additional 267,318 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 215.7% during the 4th quarter. HighTower Advisors LLC now owns 220,511 shares of the company’s stock worth $4,660,000 after buying an additional 150,658 shares in the last quarter. Lido Advisors LLC raised its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 104.5% during the 3rd quarter. Lido Advisors LLC now owns 176,900 shares of the company’s stock worth $3,717,000 after buying an additional 90,400 shares in the last quarter. Finally, Coastline Complete Wealth LLC raised its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 492.2% during the 1st quarter. Coastline Complete Wealth LLC now owns 71,823 shares of the company’s stock worth $1,500,000 after buying an additional 59,695 shares in the last quarter.

Invesco BulletShares 2031 Municipal Bond ETF Stock Performance

BSMV stock traded down $0.03 during trading on Friday, hitting $21.00. The company had a trading volume of 20,500 shares, compared to its average volume of 43,413. Invesco BulletShares 2031 Municipal Bond ETF has a 1-year low of $20.48 and a 1-year high of $21.53. The firm has a 50-day moving average price of $20.98 and a 200-day moving average price of $21.12.

Invesco BulletShares 2031 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were given a dividend of $0.0529 per share. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, May 18th. This is a positive change from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.05.

About Invesco BulletShares 2031 Municipal Bond ETF

The Invesco BulletShares 2031 Municipal Bond ETF (BSMV) 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 2031. BSMV was launched on Sep 15, 2021 and is managed by Invesco.