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

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 19,063 shares, a growth of 100.3% from the September 15th total of 9,516 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 153,084 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BSMU. Bank of America Corp DE boosted its stake in Invesco BulletShares 2030 Municipal Bond ETF by 19.1% in the 1st quarter. Bank of America Corp DE now owns 267,567 shares of the company’s stock worth $5,836,000 after purchasing an additional 42,944 shares in the last quarter. NewEdge Advisors LLC grew its position in Invesco BulletShares 2030 Municipal Bond ETF by 2.3% during the 2nd quarter. NewEdge Advisors LLC now owns 217,003 shares of the company’s stock worth $4,756,000 after purchasing an additional 4,904 shares during the last quarter. Kestra Advisory Services LLC increased its stake in Invesco BulletShares 2030 Municipal Bond ETF by 0.6% during the 1st quarter. Kestra Advisory Services LLC now owns 129,192 shares of the company’s stock valued at $2,818,000 after purchasing an additional 816 shares in the last quarter. Parkway Wealth Management Group LLC increased its stake in Invesco BulletShares 2030 Municipal Bond ETF by 6.3% during the 1st quarter. Parkway Wealth Management Group LLC now owns 113,188 shares of the company’s stock valued at $2,487,000 after purchasing an additional 6,756 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Invesco BulletShares 2030 Municipal Bond ETF by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 112,964 shares of the company’s stock valued at $2,476,000 after purchasing an additional 7,057 shares in the last quarter.

Invesco BulletShares 2030 Municipal Bond ETF Stock Up 0.5%

Invesco BulletShares 2030 Municipal Bond ETF stock traded up $0.12 during mid-day trading on Thursday, reaching $21.23. 133,985 shares of the company were exchanged, compared to its average volume of 59,670. The business has a fifty day moving average of $21.37 and a 200 day moving average of $21.69. Invesco BulletShares 2030 Municipal Bond ETF has a 12-month low of $20.56 and a 12-month high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.0517 dividend. This represents a $0.62 annualized dividend and a yield of 2.9%. This is a drop from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.0544. The ex-dividend date was Monday, September 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.