Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Sees Significant Drop in Short Interest

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 11,136 shares, a decline of 35.6% from the May 31st total of 17,294 shares. Based on an average daily trading volume, of 36,667 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

Shares of BSMU remained flat at $21.90 on Friday. The company had a trading volume of 45,427 shares, compared to its average volume of 45,556. The business has a 50-day moving average price of $21.89 and a 200 day moving average price of $22.01. Invesco BulletShares 2030 Municipal Bond ETF has a one year low of $21.41 and a one year high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.0527 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 2.9%. This is a boost from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BSMU. Harbor Investment Advisory LLC purchased a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the first quarter worth about $31,000. NewEdge Advisors LLC purchased a new position in Invesco BulletShares 2030 Municipal Bond ETF in the first quarter valued at about $56,000. Painted Porch Advisors LLC bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 3rd quarter valued at approximately $85,000. Ascentis Independent Advisors bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter valued at approximately $140,000. Finally, Anchor Investment Management LLC bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter valued at approximately $142,000.

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.