Short Interest in Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Drops By 21.9%

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 8,200 shares, a drop of 21.9% from the August 15th total of 10,500 shares. Based on an average trading volume of 38,000 shares, the days-to-cover ratio is presently 0.2 days.

Invesco BulletShares 2030 Municipal Bond ETF Trading Up 0.2 %

BSMU stock traded up $0.05 during midday trading on Tuesday, reaching $22.21. The stock had a trading volume of 90,798 shares, compared to its average volume of 28,070. Invesco BulletShares 2030 Municipal Bond ETF has a 52-week low of $20.57 and a 52-week high of $22.80. The company’s fifty day simple moving average is $22.00 and its 200 day simple moving average is $21.95.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 19th were paid a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Monday, August 19th.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pineridge Advisors LLC acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 4th quarter worth approximately $2,791,000. Key Financial Inc boosted its stake in Invesco BulletShares 2030 Municipal Bond ETF by 29.2% during the second quarter. Key Financial Inc now owns 110,225 shares of the company’s stock worth $2,400,000 after buying an additional 24,925 shares during the last quarter. MONECO Advisors LLC purchased a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the 2nd quarter valued at $487,000. Hobbs Group Advisors LLC acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 2nd quarter worth $327,000. Finally, Envision Financial Planning LLC raised its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 8.7% during the 1st quarter. Envision Financial Planning LLC now owns 177,185 shares of the company’s stock worth $3,919,000 after acquiring an additional 14,232 shares during the period.

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.