Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Short Interest Update

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 10,400 shares, a drop of 81.6% from the September 30th total of 56,600 shares. Based on an average daily volume of 38,300 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. First Command Advisory Services Inc. bought a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the first quarter valued at $46,000. Horizons Wealth Management lifted its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 23.4% in the 2nd quarter. Horizons Wealth Management now owns 6,595 shares of the company’s stock valued at $145,000 after purchasing an additional 1,250 shares during the period. Bill Few Associates Inc. bought a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 2nd quarter valued at about $201,000. Astoria Portfolio Advisors LLC. acquired a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the second quarter worth approximately $212,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Invesco BulletShares 2030 Municipal Bond ETF by 25.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,042 shares of the company’s stock worth $219,000 after purchasing an additional 2,047 shares during the period.

Invesco BulletShares 2030 Municipal Bond ETF Stock Up 0.1 %

NASDAQ BSMU traded up $0.03 during trading hours on Friday, reaching $21.79. The company’s stock had a trading volume of 10,766 shares, compared to its average volume of 29,103. The firm has a fifty day simple moving average of $22.07 and a 200-day simple moving average of $21.94. Invesco BulletShares 2030 Municipal Bond ETF has a 52 week low of $20.61 and a 52 week high of $22.80.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, October 21st will be given a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.03%. This is an increase from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Monday, October 21st.

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.