Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Sees Significant Growth in Short Interest

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 52,600 shares, a growth of 53.8% from the March 31st total of 34,200 shares. Based on an average daily volume of 20,800 shares, the days-to-cover ratio is presently 2.5 days.

Invesco BulletShares 2030 Municipal Bond ETF Trading Down 0.1 %

BSMU stock traded down $0.01 during midday trading on Friday, hitting $21.75. The company’s stock had a trading volume of 6,651 shares, compared to its average volume of 22,399. Invesco BulletShares 2030 Municipal Bond ETF has a 12 month low of $20.57 and a 12 month high of $22.80. The company has a 50 day moving average of $22.08 and a two-hundred day moving average of $21.90.

Invesco BulletShares 2030 Municipal Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 26th. Stockholders of record on Tuesday, April 23rd were given a dividend of $0.0536 per share. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.96%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BSMU. Envision Financial Planning LLC raised its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 7.1% during the 4th quarter. Envision Financial Planning LLC now owns 162,953 shares of the company’s stock valued at $3,653,000 after buying an additional 10,794 shares during the period. Pineridge Advisors LLC purchased a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the fourth quarter worth $2,791,000. CGN Advisors LLC increased its stake in Invesco BulletShares 2030 Municipal Bond ETF by 5.2% in the fourth quarter. CGN Advisors LLC now owns 100,306 shares of the company’s stock worth $2,249,000 after purchasing an additional 4,980 shares during the period. Key Financial Inc increased its stake in Invesco BulletShares 2030 Municipal Bond ETF by 17.9% in the fourth quarter. Key Financial Inc now owns 84,525 shares of the company’s stock worth $1,895,000 after purchasing an additional 12,825 shares during the period. Finally, Atlantic Union Bankshares Corp increased its stake in Invesco BulletShares 2030 Municipal Bond ETF by 6.7% in the first quarter. Atlantic Union Bankshares Corp now owns 70,974 shares of the company’s stock worth $1,570,000 after purchasing an additional 4,434 shares during the period.

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.