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

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 29,718 shares, an increase of 228.8% from the April 30th total of 9,038 shares. Based on an average daily volume of 29,888 shares, the short-interest ratio is presently 1.0 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Investment Advisory LLC purchased a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 1st quarter worth about $31,000. NewEdge Advisors LLC purchased a new position in Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter valued at about $56,000. Painted Porch Advisors LLC purchased a new position in Invesco BulletShares 2030 Municipal Bond ETF during the 3rd quarter valued at about $85,000. Ascentis Independent Advisors purchased a new position in Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter valued at about $140,000. Finally, Anchor Investment Management LLC purchased a new position in Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter valued at about $142,000.

Invesco BulletShares 2030 Municipal Bond ETF Stock Up 0.1%

NASDAQ:BSMU opened at $21.88 on Friday. The company has a 50-day moving average price of $21.88 and a 200-day moving average price of $22.03. Invesco BulletShares 2030 Municipal Bond ETF has a 12 month low of $21.31 and a 12 month high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were given a $0.0531 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a c) annualized dividend and a dividend yield of 2.9%. This is a positive change from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05.

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.