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 significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 45,000 shares, a growth of 91.5% from the December 15th total of 23,500 shares. Based on an average trading volume of 46,700 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSMU. Confluence Investment Management LLC boosted its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 1,979.2% in the third quarter. Confluence Investment Management LLC now owns 265,118 shares of the company’s stock worth $5,872,000 after acquiring an additional 252,367 shares during the period. Envision Financial Planning LLC lifted its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 2.4% in the third quarter. Envision Financial Planning LLC now owns 194,461 shares of the company’s stock worth $4,307,000 after buying an additional 4,484 shares in the last quarter. Key Financial Inc boosted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 4.0% during the third quarter. Key Financial Inc now owns 114,675 shares of the company’s stock worth $2,540,000 after acquiring an additional 4,450 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in Invesco BulletShares 2030 Municipal Bond ETF by 33.6% during the third quarter. Atlantic Union Bankshares Corp now owns 109,657 shares of the company’s stock valued at $2,429,000 after acquiring an additional 27,569 shares in the last quarter. Finally, Precedent Wealth Partners LLC increased its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 21.9% in the 3rd quarter. Precedent Wealth Partners LLC now owns 71,393 shares of the company’s stock valued at $1,581,000 after acquiring an additional 12,807 shares during the last quarter.

Invesco BulletShares 2030 Municipal Bond ETF Trading Down 0.3 %

Shares of NASDAQ:BSMU traded down $0.07 during midday trading on Tuesday, hitting $21.59. The company had a trading volume of 116,784 shares, compared to its average volume of 46,234. The company has a fifty day moving average of $21.89 and a two-hundred day moving average of $21.96. Invesco BulletShares 2030 Municipal Bond ETF has a 12-month low of $21.51 and a 12-month high of $22.47.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.0517 per share. The ex-dividend date was Monday, December 23rd.

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.