Short Interest in Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Expands By 67.3%

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

Invesco BulletShares 2031 Municipal Bond ETF Stock Down 0.2%

Shares of BSMV stock traded down $0.05 during trading hours on Monday, reaching $20.84. The stock had a trading volume of 23,236 shares, 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 twelve month low of $20.63 and a twelve month 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. Stockholders of record on Monday, July 20th were paid a $0.0535 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, July 20th.

Institutional Trading of Invesco BulletShares 2031 Municipal Bond ETF

A number of large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC purchased a new position in Invesco BulletShares 2031 Municipal Bond ETF during the 1st quarter worth approximately $54,000. Invesco Ltd. lifted its stake in Invesco BulletShares 2031 Municipal Bond ETF by 10.8% in the second quarter. Invesco Ltd. now owns 177,165 shares of the company’s stock valued at $3,653,000 after acquiring an additional 17,312 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Invesco BulletShares 2031 Municipal Bond ETF by 11.8% in the second quarter. Raymond James Financial Inc. now owns 119,087 shares of the company’s stock worth $2,456,000 after purchasing an additional 12,568 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Invesco BulletShares 2031 Municipal Bond ETF by 139.1% during the 2nd quarter. Jane Street Group LLC now owns 92,818 shares of the company’s stock valued at $1,914,000 after acquiring an additional 53,994 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Invesco BulletShares 2031 Municipal Bond ETF by 0.7% in the 2nd quarter. Bank of America Corp DE now owns 185,369 shares of the company’s stock valued at $3,822,000 after buying an additional 1,320 shares during 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.