Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Short Interest Down 41.8% in May

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 17,294 shares, a drop of 41.8% from the May 14th total of 29,718 shares. Based on an average daily volume of 50,376 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

Shares of BSMU stock opened at $21.90 on Friday. Invesco BulletShares 2030 Municipal Bond ETF has a 12-month low of $21.41 and a 12-month high of $22.31. The firm’s 50 day moving average is $21.90 and its 200 day moving average is $22.02.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSMU. Royal Bank of Canada boosted its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 10.0% in 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 last quarter. NewEdge Advisors LLC purchased a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the first quarter worth approximately $56,000. Jones Financial Companies Lllp boosted its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 104.5% in the first quarter. Jones Financial Companies Lllp now owns 9,463 shares of the company’s stock worth $223,000 after purchasing an additional 4,836 shares during the last quarter. Jane Street Group LLC boosted its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 134.5% in the first quarter. Jane Street Group LLC now owns 215,298 shares of the company’s stock worth $4,646,000 after purchasing an additional 123,496 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 1.4% in the second quarter. Invesco Ltd. now owns 159,854 shares of the company’s stock worth $3,437,000 after purchasing an additional 2,218 shares during 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.