Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Stock Short Interest Drops 76.2%

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 9,516 shares, a drop of 76.2% from the August 31st total of 40,029 shares. Based on an average trading volume of 84,953 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC increased its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 0.6% in the 1st quarter. Kestra Advisory Services LLC now owns 129,192 shares of the company’s stock valued at $2,818,000 after buying an additional 816 shares during the period. Harbor Investment Advisory LLC bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter worth about $31,000. Gill Capital Partners LLC boosted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 49.9% during the 2nd quarter. Gill Capital Partners LLC now owns 5,920 shares of the company’s stock valued at $152,000 after acquiring an additional 1,970 shares in the last quarter. Farmers National Bank boosted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 3.5% during the 4th quarter. Farmers National Bank now owns 60,708 shares of the company’s stock valued at $1,337,000 after acquiring an additional 2,073 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 10.9% during the 1st quarter. Sanctuary Advisors LLC now owns 23,149 shares of the company’s stock valued at $505,000 after acquiring an additional 2,282 shares in the last quarter.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

Shares of NASDAQ:BSMU traded down $0.09 during trading on Friday, hitting $20.87. 99,234 shares of the stock were exchanged, compared to its average volume of 53,613. Invesco BulletShares 2030 Municipal Bond ETF has a 1-year low of $20.86 and a 1-year high of $22.31. The company’s fifty day simple moving average is $21.56 and its 200-day simple moving average is $21.79.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.0517 dividend. This represents a $0.62 annualized dividend and a yield of 3.0%. This is a decrease from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.0544. The ex-dividend date of this dividend was Monday, September 21st.

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.