Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Short Interest Update

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 52,424 shares, an increase of 67.3% from the July 15th total of 31,330 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 44,612 shares, the short-interest ratio is currently 1.2 days.

Invesco BulletShares 2031 Municipal Bond ETF Price Performance

Shares of Invesco BulletShares 2031 Municipal Bond ETF stock traded down $0.05 during midday trading on Monday, hitting $20.84. 23,236 shares of the company were exchanged, compared to its average volume of 42,271. The firm has a 50 day simple moving average of $20.90 and a 200-day simple moving average of $21.03. Invesco BulletShares 2031 Municipal Bond ETF has a 52 week low of $20.63 and a 52 week high of $21.53.

Invesco BulletShares 2031 Municipal Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 20th were issued a $0.0535 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hills Bank & Trust Co raised its holdings in shares of Invesco BulletShares 2031 Municipal Bond ETF by 242.5% in the fourth quarter. Hills Bank & Trust Co now owns 441,580 shares of the company’s stock valued at $9,333,000 after purchasing an additional 312,658 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 527.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 317,976 shares of the company’s stock worth $6,720,000 after purchasing an additional 267,318 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Invesco BulletShares 2031 Municipal Bond ETF by 215.7% in the 4th quarter. HighTower Advisors LLC now owns 220,511 shares of the company’s stock valued at $4,660,000 after buying an additional 150,658 shares during the last quarter. Lido Advisors LLC boosted its holdings in shares of Invesco BulletShares 2031 Municipal Bond ETF by 104.5% in the 3rd quarter. Lido Advisors LLC now owns 176,900 shares of the company’s stock valued at $3,717,000 after buying an additional 90,400 shares during the last quarter. Finally, Coastline Complete Wealth LLC grew its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 492.2% in the first quarter. Coastline Complete Wealth LLC now owns 71,823 shares of the company’s stock valued at $1,500,000 after buying an additional 59,695 shares in the last quarter.

Invesco BulletShares 2031 Municipal Bond ETF Company Profile

The Invesco BulletShares 2031 Municipal Bond ETF (BSMV) 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 2031. BSMV was launched on Sep 15, 2021 and is managed by Invesco.