Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Short Interest Update

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 32,153 shares, a growth of 173.1% from the July 15th total of 11,775 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 71,797 shares, the short-interest ratio is presently 0.4 days.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

Shares of BSMU stock traded down $0.02 during trading hours on Friday, reaching $21.81. The company had a trading volume of 25,857 shares, compared to its average volume of 46,287. Invesco BulletShares 2030 Municipal Bond ETF has a 1-year low of $21.55 and a 1-year high of $22.31. The company has a 50 day moving average of $21.82 and a 200 day moving average of $21.95.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 20th were issued a $0.0525 dividend. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, July 20th.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sax Wealth Advisors LLC bought a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 2nd quarter valued at about $654,000. Clark Asset Management LLC boosted its stake in Invesco BulletShares 2030 Municipal Bond ETF by 26.3% during the 2nd quarter. Clark Asset Management LLC now owns 112,774 shares of the company’s stock worth $2,472,000 after acquiring an additional 23,493 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 81.8% during the first quarter. NewEdge Advisors LLC now owns 212,099 shares of the company’s stock valued at $4,627,000 after purchasing an additional 95,462 shares during the period. Coastline Complete Wealth LLC grew its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 10.4% during the first quarter. Coastline Complete Wealth LLC now owns 69,174 shares of the company’s stock valued at $1,509,000 after purchasing an additional 6,533 shares during the period. Finally, Hobbs Group Advisors LLC increased its stake in Invesco BulletShares 2030 Municipal Bond ETF by 30.4% in the first quarter. Hobbs Group Advisors LLC now owns 16,635 shares of the company’s stock valued at $363,000 after purchasing an additional 3,880 shares in 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.