Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Shares Shorted: Short Interest Down 76.2% in September

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 9,516 shares, a decrease of 76.2% from the August 31st total of 40,029 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 84,953 shares, the days-to-cover ratio is presently 0.1 days.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

NASDAQ BSMU traded down $0.09 during trading hours on Friday, hitting $20.87. 99,234 shares of the company’s stock were exchanged, compared to its average volume of 53,613. The business’s 50 day moving average is $21.56 and its 200-day moving average is $21.79. Invesco BulletShares 2030 Municipal Bond ETF has a 12-month low of $20.86 and a 12-month high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a dividend of $0.0517 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, September 21st. This is a decrease from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.0544.

Institutional Investors Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its stake in Invesco BulletShares 2030 Municipal Bond ETF by 81.8% during the first quarter. NewEdge Advisors LLC now owns 212,099 shares of the company’s stock worth $4,627,000 after purchasing an additional 95,462 shares during the period. Coastline Complete Wealth LLC purchased a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 4th quarter valued at $1,380,000. HighTower Advisors LLC grew its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 41.9% during the 4th quarter. HighTower Advisors LLC now owns 209,108 shares of the company’s stock valued at $4,606,000 after buying an additional 61,735 shares during the period. Kinetic Wealth Investment Advisors LLC acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 2nd quarter worth $1,179,000. Finally, Bank of America Corp DE increased its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 19.1% during the 1st quarter. Bank of America Corp DE now owns 267,567 shares of the company’s stock worth $5,836,000 after buying an additional 42,944 shares during the last quarter.

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.