Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Sees Large Drop in Short Interest

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 11,136 shares, a decline of 35.6% from the May 31st total of 17,294 shares. Based on an average daily trading volume, of 36,667 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of institutional investors have recently modified their holdings of the company. Harbor Investment Advisory LLC bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 1st quarter worth $31,000. NewEdge Advisors LLC acquired a new position in Invesco BulletShares 2030 Municipal Bond ETF during the first quarter worth $56,000. Painted Porch Advisors LLC acquired a new position in Invesco BulletShares 2030 Municipal Bond ETF during the third quarter worth $85,000. Ascentis Independent Advisors bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the first quarter valued at $140,000. Finally, Anchor Investment Management LLC bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the first quarter valued at $142,000.

Invesco BulletShares 2030 Municipal Bond ETF Stock Down 0.1%

BSMU stock traded down $0.02 during trading on Thursday, reaching $21.88. 2,200 shares of the stock were exchanged, compared to its average volume of 45,207. The firm’s 50 day moving average is $21.89 and its 200 day moving average is $22.01. Invesco BulletShares 2030 Municipal Bond ETF has a twelve month low of $21.41 and a twelve month high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.0527 dividend. This represents a c) dividend on an annualized basis and a yield of 2.9%. This is a boost from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Monday, June 22nd.

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.