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

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 17,294 shares, a decrease of 41.8% from the May 14th total of 29,718 shares. Based on an average trading volume of 50,376 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Invesco BulletShares 2030 Municipal Bond ETF Trading Up 0.1%

Shares of BSMU traded up $0.02 during midday trading on Tuesday, hitting $21.96. The stock had a trading volume of 52,537 shares, compared to its average volume of 40,047. Invesco BulletShares 2030 Municipal Bond ETF has a 1 year low of $21.41 and a 1 year high of $22.31. The stock’s 50 day moving average is $21.90 and its 200 day moving average is $22.02.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were issued a $0.0531 dividend. The ex-dividend date was Monday, May 18th. This is a boost from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of hedge funds have recently added to or reduced their stakes in BSMU. Hills Bank & Trust Co increased its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 76.7% during the fourth quarter. Hills Bank & Trust Co now owns 432,344 shares of the company’s stock worth $9,522,000 after acquiring an additional 187,718 shares during the period. Jane Street Group LLC boosted its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 134.5% in the first quarter. Jane Street Group LLC now owns 215,298 shares of the company’s stock valued at $4,646,000 after purchasing an additional 123,496 shares during the period. Invesco Ltd. grew its stake in Invesco BulletShares 2030 Municipal Bond ETF by 69.5% in the fourth quarter. Invesco Ltd. now owns 287,207 shares of the company’s stock worth $6,326,000 after purchasing an additional 117,737 shares in the last quarter. NewEdge Advisors LLC grew its stake in Invesco BulletShares 2030 Municipal Bond ETF by 530.4% in the fourth quarter. NewEdge Advisors LLC now owns 116,637 shares of the company’s stock worth $2,569,000 after purchasing an additional 98,135 shares in the last quarter. Finally, Lido Advisors LLC increased its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 100.0% during the 3rd quarter. Lido Advisors LLC now owns 164,400 shares of the company’s stock worth $3,604,000 after purchasing an additional 82,200 shares during the period.

About Invesco BulletShares 2030 Municipal Bond ETF

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.