Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Short Interest Up 439.6% in March

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 55,495 shares, a growth of 439.6% from the February 26th total of 10,284 shares. Based on an average trading volume of 39,731 shares, the short-interest ratio is presently 1.4 days. Approximately 0.5% of the shares of the stock are short sold.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

BSMU stock opened at $21.81 on Thursday. The company has a 50 day moving average price of $22.15 and a 200 day moving average price of $22.06. Invesco BulletShares 2030 Municipal Bond ETF has a fifty-two week low of $20.59 and a fifty-two week high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be paid a $0.0507 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This is a boost 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 yield of 2.8%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BSMU. NewEdge Advisors LLC acquired a new position in Invesco BulletShares 2030 Municipal Bond ETF in the first quarter valued at about $56,000. Painted Porch Advisors LLC bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 3rd quarter valued at about $85,000. First Command Advisory Services Inc. lifted its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 17.4% during the 3rd quarter. First Command Advisory Services Inc. now owns 5,912 shares of the company’s stock valued at $130,000 after purchasing an additional 877 shares in the last quarter. ORG Partners LLC acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 3rd quarter valued at approximately $140,000. Finally, Farther Finance Advisors LLC increased its stake in Invesco BulletShares 2030 Municipal Bond ETF by 409.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,980 shares of the company’s stock worth $175,000 after purchasing an additional 6,413 shares in 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.