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

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 4,000 shares, a decline of 49.4% from the February 28th total of 7,900 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 53,700 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the fourth quarter worth $97,000. Collier Financial bought a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the 4th quarter worth $115,000. Crews Bank & Trust acquired a new position in Invesco BulletShares 2030 Municipal Bond ETF in the 4th quarter worth about $198,000. Wingate Wealth Advisors Inc. acquired a new position in Invesco BulletShares 2030 Municipal Bond ETF in the 4th quarter worth about $199,000. Finally, D.A. Davidson & CO. raised its position in Invesco BulletShares 2030 Municipal Bond ETF by 6.7% in the third quarter. D.A. Davidson & CO. now owns 10,350 shares of the company’s stock valued at $229,000 after purchasing an additional 650 shares during the last quarter.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

Shares of NASDAQ BSMU opened at $21.50 on Friday. Invesco BulletShares 2030 Municipal Bond ETF has a 12 month low of $21.49 and a 12 month high of $22.25. The stock has a 50-day moving average price of $21.83 and a two-hundred day moving average price of $21.91.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a dividend of $0.0515 per share. This is a boost from Invesco BulletShares 2030 Municipal Bond ETF’s previous dividend of $0.05. The ex-dividend date is Monday, March 24th.

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.