Short Interest in Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Grows By 169.0%

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 11,775 shares, a growth of 169.0% from the June 30th total of 4,377 shares. Based on an average daily volume of 36,902 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

BSMU traded down $0.01 during trading hours on Tuesday, hitting $21.62. 1,713 shares of the company’s stock were exchanged, compared to its average volume of 47,233. Invesco BulletShares 2030 Municipal Bond ETF has a 1-year low of $21.47 and a 1-year high of $22.31. The stock’s 50-day moving average is $21.86 and its two-hundred day moving average is $21.99.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were given a dividend of $0.0525 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a c) annualized dividend and a yield of 2.9%.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Hedge funds have recently modified their holdings of the stock. Hills Bank & Trust Co increased its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 76.7% in the fourth quarter. Hills Bank & Trust Co now owns 432,344 shares of the company’s stock valued at $9,522,000 after acquiring an additional 187,718 shares during the last quarter. Jane Street Group LLC boosted its position in Invesco BulletShares 2030 Municipal Bond ETF by 134.5% during the first quarter. Jane Street Group LLC now owns 215,298 shares of the company’s stock valued at $4,646,000 after purchasing an additional 123,496 shares during the last quarter. Invesco Ltd. boosted its position in Invesco BulletShares 2030 Municipal Bond ETF by 69.5% during the fourth quarter. Invesco Ltd. now owns 287,207 shares of the company’s stock valued at $6,326,000 after purchasing an additional 117,737 shares during the last quarter. NewEdge Advisors LLC grew its stake in Invesco BulletShares 2030 Municipal Bond ETF by 530.4% in the fourth quarter. NewEdge Advisors LLC now owns 116,637 shares of the company’s stock valued at $2,569,000 after purchasing an additional 98,135 shares in the last quarter. Finally, Lido Advisors LLC grew its stake in Invesco BulletShares 2030 Municipal Bond ETF by 100.0% in the third quarter. Lido Advisors LLC now owns 164,400 shares of the company’s stock valued at $3,604,000 after purchasing an additional 82,200 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.