Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Stock Short Interest Declines 38.1%

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 49,866 shares, a decline of 38.1% from the August 31st total of 80,510 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 106,476 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 147,684 shares of the company’s stock worth $3,099,000 after acquiring an additional 6,048 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF during the 2nd quarter worth about $115,000. Integrated Wealth Concepts LLC grew its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 23.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 54,498 shares of the company’s stock valued at $1,144,000 after buying an additional 10,352 shares in the last quarter. Kinetic Wealth Investment Advisors LLC bought a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF in the 2nd quarter valued at approximately $379,000. Finally, Wedmont Private Capital acquired a new position in Invesco BulletShares 2031 Municipal Bond ETF in the second quarter worth approximately $707,000.

Invesco BulletShares 2031 Municipal Bond ETF Trading Up 0.3%

Shares of BSMV stock opened at $19.95 on Thursday. The business’s fifty day moving average is $20.56 and its 200-day moving average is $20.83. Invesco BulletShares 2031 Municipal Bond ETF has a 1 year low of $19.67 and a 1 year high of $21.53.

Invesco BulletShares 2031 Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a dividend of $0.0508 per share. This is a negative change from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.0548. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, September 21st.

Invesco BulletShares 2031 Municipal Bond ETF Company Profile

The Invesco BulletShares 2031 Municipal Bond ETF (BSMV) 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 2031. BSMV was launched on Sep 15, 2021 and is managed by Invesco.