Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Short Interest Down 91.2% in July

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a large decline in short interest in July. As of July 31st, there was short interest totalling 2,700 shares, a decline of 91.2% from the July 15th total of 30,800 shares. Based on an average trading volume of 35,000 shares, the days-to-cover ratio is presently 0.1 days.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

NASDAQ BSMU traded up $0.01 on Wednesday, reaching $22.03. The company had a trading volume of 22,055 shares, compared to its average volume of 27,782. The company’s fifty day moving average is $21.91 and its 200-day moving average is $21.98. Invesco BulletShares 2030 Municipal Bond ETF has a 1-year low of $20.57 and a 1-year high of $22.80.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 22nd were issued a dividend of $0.056 per share. The ex-dividend date was Monday, July 22nd. This is an increase from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a $0.67 dividend on an annualized basis and a dividend yield of 3.05%.

Institutional Investors Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. First Command Advisory Services Inc. bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter worth approximately $46,000. Avior Wealth Management LLC bought a new position in Invesco BulletShares 2030 Municipal Bond ETF in the fourth quarter valued at $122,000. Horizons Wealth Management increased its stake in Invesco BulletShares 2030 Municipal Bond ETF by 23.4% in the 2nd quarter. Horizons Wealth Management now owns 6,595 shares of the company’s stock valued at $145,000 after buying an additional 1,250 shares during the last quarter. Bill Few Associates Inc. bought a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the 2nd quarter worth about $201,000. Finally, Arlington Capital Management Inc. bought a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter worth about $206,000.

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.