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

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

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

Shares of Invesco BulletShares 2030 Municipal Bond ETF stock remained flat at $22.12 on Thursday. The stock had a trading volume of 22,542 shares, compared to its average volume of 22,358. Invesco BulletShares 2030 Municipal Bond ETF has a 52 week low of $20.57 and a 52 week high of $22.82. The company has a fifty day moving average price of $22.22 and a 200 day moving average price of $21.78.

Invesco BulletShares 2030 Municipal Bond ETF Dividend Announcement

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

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in BSMU. Asset Dedication LLC grew its position in Invesco BulletShares 2030 Municipal Bond ETF by 4.4% during the third quarter. Asset Dedication LLC now owns 11,948 shares of the company’s stock worth $251,000 after buying an additional 506 shares in the last quarter. Royal Bank of Canada grew its position in Invesco BulletShares 2030 Municipal Bond ETF by 0.9% during the third quarter. Royal Bank of Canada now owns 59,123 shares of the company’s stock worth $1,235,000 after buying an additional 533 shares in the last quarter. UBS Group AG grew its position in Invesco BulletShares 2030 Municipal Bond ETF by 102.2% during the third quarter. UBS Group AG now owns 2,810 shares of the company’s stock worth $59,000 after buying an additional 1,420 shares in the last quarter. Osaic Holdings Inc. grew its position in Invesco BulletShares 2030 Municipal Bond ETF by 10.1% during the second quarter. Osaic Holdings Inc. now owns 19,889 shares of the company’s stock worth $437,000 after buying an additional 1,821 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Invesco BulletShares 2030 Municipal Bond ETF by 15.7% during the third quarter. Captrust Financial Advisors now owns 16,689 shares of the company’s stock worth $346,000 after purchasing an additional 2,264 shares during the last quarter.

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.