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

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 75,300 shares, a growth of 250.2% from the August 31st total of 21,500 shares. Based on an average daily volume of 48,800 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 48,800 shares, the days-to-cover ratio is currently 1.5 days.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

Shares of NASDAQ BSMU opened at $21.93 on Friday. The company has a 50 day simple moving average of $21.77 and a 200-day simple moving average of $21.54. Invesco BulletShares 2030 Municipal Bond ETF has a 1 year low of $20.59 and a 1 year high of $22.25.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a $0.0499 dividend. The ex-dividend date was Monday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 2.7%.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Several large investors have recently modified their holdings of the business. Pineridge Advisors LLC raised its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 0.7% in the 2nd quarter. Pineridge Advisors LLC now owns 99,196 shares of the company’s stock valued at $2,133,000 after buying an additional 732 shares during the period. First Command Advisory Services Inc. grew its position in Invesco BulletShares 2030 Municipal Bond ETF by 28.3% in the 2nd quarter. First Command Advisory Services Inc. now owns 5,035 shares of the company’s stock valued at $108,000 after acquiring an additional 1,112 shares in the last quarter. Royal Bank of Canada increased its stake in Invesco BulletShares 2030 Municipal Bond ETF by 10.0% during the first quarter. Royal Bank of Canada now owns 13,949 shares of the company’s stock worth $301,000 after purchasing an additional 1,265 shares during the period. Envision Financial Planning LLC increased its stake in Invesco BulletShares 2030 Municipal Bond ETF by 0.7% during the first quarter. Envision Financial Planning LLC now owns 180,857 shares of the company’s stock worth $3,903,000 after purchasing an additional 1,337 shares during the period. Finally, Addison Advisors LLC lifted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 5.4% during the second quarter. Addison Advisors LLC now owns 29,405 shares of the company’s stock worth $632,000 after purchasing an additional 1,510 shares in 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.