Short Interest in Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Decreases By 81.6%

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 10,400 shares, a decrease of 81.6% from the September 30th total of 56,600 shares. Based on an average daily trading volume, of 38,300 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envision Financial Planning LLC lifted its position in Invesco BulletShares 2030 Municipal Bond ETF by 8.7% in the 1st quarter. Envision Financial Planning LLC now owns 177,185 shares of the company’s stock valued at $3,919,000 after acquiring an additional 14,232 shares in the last quarter. Key Financial Inc lifted its position in Invesco BulletShares 2030 Municipal Bond ETF by 29.2% in the 2nd quarter. Key Financial Inc now owns 110,225 shares of the company’s stock valued at $2,400,000 after acquiring an additional 24,925 shares in the last quarter. Pineridge Advisors LLC lifted its position in Invesco BulletShares 2030 Municipal Bond ETF by 9.8% in the 2nd quarter. Pineridge Advisors LLC now owns 98,168 shares of the company’s stock valued at $2,137,000 after acquiring an additional 8,752 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in Invesco BulletShares 2030 Municipal Bond ETF by 15.7% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 82,088 shares of the company’s stock valued at $1,787,000 after acquiring an additional 11,114 shares in the last quarter. Finally, Precedent Wealth Partners LLC lifted its position 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 in the last quarter.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

Shares of Invesco BulletShares 2030 Municipal Bond ETF stock traded up $0.04 during midday trading on Friday, hitting $21.80. The company had a trading volume of 58,069 shares, compared to its average volume of 29,333. The company has a 50 day moving average of $22.06 and a 200 day 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 firm also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were given a $0.055 dividend. The ex-dividend date of this dividend was Monday, October 21st. This is a boost from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a $0.66 annualized dividend and a yield of 3.03%.

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.