Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Sees Large Increase in Short Interest

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 46,200 shares, a growth of 36.7% from the May 15th total of 33,800 shares. Based on an average daily trading volume, of 20,400 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Asset Dedication LLC lifted its stake in Invesco BulletShares 2030 Municipal Bond ETF by 4.4% in the 3rd quarter. Asset Dedication LLC now owns 11,948 shares of the company’s stock valued at $251,000 after purchasing an additional 506 shares during the last quarter. Tlwm lifted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 4.8% in the first quarter. Tlwm now owns 24,222 shares of the company’s stock valued at $536,000 after buying an additional 1,108 shares during the last quarter. First Command Advisory Services Inc. bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter worth approximately $46,000. Commonwealth Equity Services LLC increased its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 8.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 29,929 shares of the company’s stock worth $662,000 after acquiring an additional 2,408 shares during the last quarter. Finally, Atlantic Union Bankshares Corp raised its stake in Invesco BulletShares 2030 Municipal Bond ETF by 6.7% in the 1st quarter. Atlantic Union Bankshares Corp now owns 70,974 shares of the company’s stock valued at $1,570,000 after acquiring an additional 4,434 shares during the period.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

Shares of NASDAQ:BSMU traded up $0.03 during midday trading on Friday, reaching $21.98. The company had a trading volume of 7,327 shares, compared to its average volume of 21,811. The business’s 50 day moving average price is $21.82 and its 200 day moving average price is $22.08. Invesco BulletShares 2030 Municipal Bond ETF has a 1-year low of $20.57 and a 1-year high of $22.80.

Invesco BulletShares 2030 Municipal Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 24th. Shareholders of record on Tuesday, May 21st were given a dividend of $0.0546 per share. This represents a $0.66 annualized dividend and a yield of 2.98%. The ex-dividend date was Monday, May 20th.

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.