Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Short Interest Up 120.0% in March

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 28,600 shares, an increase of 120.0% from the February 29th total of 13,000 shares. Based on an average daily volume of 23,700 shares, the short-interest ratio is presently 1.2 days.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

NASDAQ BSMU remained flat at $22.12 on Thursday. 22,542 shares of the company’s stock traded hands, compared to its average volume of 22,358. Invesco BulletShares 2030 Municipal Bond ETF has a 1 year low of $20.57 and a 1 year high of $22.82. The stock’s fifty day simple moving average is $22.22 and its 200-day simple moving average is $21.78.

Invesco BulletShares 2030 Municipal Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were given a $0.0526 dividend. This represents a $0.63 annualized dividend and a yield of 2.85%. The ex-dividend date was Monday, March 18th.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. increased its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 21.1% during the first quarter. Advisor Group Holdings Inc. now owns 13,219 shares of the company’s stock worth $306,000 after buying an additional 2,300 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the first quarter worth $260,000. Royal Bank of Canada increased its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 1.5% during the first quarter. Royal Bank of Canada now owns 73,378 shares of the company’s stock worth $1,701,000 after buying an additional 1,065 shares during the period. LPL Financial LLC acquired a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the second quarter worth $248,000. Finally, Jane Street Group LLC acquired a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the third quarter worth $2,363,000.

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.