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

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 41,500 shares, an increase of 420.4% from the January 29th total of 7,975 shares. Based on an average daily trading volume, of 48,082 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 48,082 shares, the short-interest ratio is currently 0.9 days.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

Shares of Invesco BulletShares 2030 Municipal Bond ETF stock remained flat at $22.27 during trading on Wednesday. 28,013 shares of the company traded hands, compared to its average volume of 47,592. Invesco BulletShares 2030 Municipal Bond ETF has a 52 week low of $20.59 and a 52 week high of $22.31. The business’s 50 day moving average price is $22.14 and its two-hundred day moving average price is $22.00.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 23rd will be paid a dividend of $0.0488 per share. This is a positive change 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 2.6%. The ex-dividend date of this dividend is Monday, February 23rd.

Institutional Trading of Invesco BulletShares 2030 Municipal Bond ETF

A number of hedge funds have recently made changes to their positions in BSMU. Coastline Complete Wealth LLC bought a new position in Invesco BulletShares 2030 Municipal Bond ETF during the 4th quarter valued at approximately $1,380,000. Invesco Ltd. boosted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 69.5% during the fourth quarter. Invesco Ltd. now owns 287,207 shares of the company’s stock valued at $6,326,000 after buying an additional 117,737 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of 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 acquiring an additional 98,135 shares during the period. Envision Financial Planning LLC grew its position in Invesco BulletShares 2030 Municipal Bond ETF by 0.9% in the 4th quarter. Envision Financial Planning LLC now owns 77,435 shares of the company’s stock worth $1,706,000 after purchasing an additional 699 shares during the period. Finally, Osaic Holdings Inc. increased its position in Invesco BulletShares 2030 Municipal Bond ETF by 3.4% during the fourth quarter. Osaic Holdings Inc. now owns 46,794 shares of the company’s stock valued at $1,031,000 after acquiring an additional 1,550 shares during the last quarter.

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.