Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Sees Large Growth in Short Interest

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 57,224 shares, a growth of 200.2% from the September 30th total of 19,063 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 136,527 shares, the short-interest ratio is currently 0.4 days.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

Shares of NASDAQ:BSMU opened at $21.43 on Thursday. The company has a 50-day moving average price of $21.27 and a 200 day moving average price of $21.78. Invesco BulletShares 2030 Municipal Bond ETF has a 52 week low of $20.56 and a 52 week high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were paid a $0.0535 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.0%. This is a positive change from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.0517. The ex-dividend date was Monday, October 19th.

Institutional Investors Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Confluence Investment Management LLC purchased a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 3rd quarter worth approximately $2,337,000. NewEdge Advisors LLC boosted its position in shares of 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 worth $4,627,000 after buying an additional 95,462 shares during the period. Legacy Private Trust Co. acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the third quarter valued at $1,244,000. Kinetic Wealth Investment Advisors LLC acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the second quarter valued at $1,179,000. Finally, Signaturefd LLC acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the third quarter valued at $1,051,000.

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.