Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Short Interest Update

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 30,800 shares, a drop of 31.9% from the May 31st total of 45,200 shares. Based on an average daily volume of 17,300 shares, the short-interest ratio is currently 1.8 days.

Invesco BulletShares 2031 Municipal Bond ETF Stock Down 0.1 %

Shares of Invesco BulletShares 2031 Municipal Bond ETF stock traded down $0.03 on Friday, hitting $20.96. The stock had a trading volume of 7,600 shares, compared to its average volume of 16,785. Invesco BulletShares 2031 Municipal Bond ETF has a one year low of $19.68 and a one year high of $21.73. The stock’s 50-day simple moving average is $21.02 and its two-hundred day simple moving average is $21.28.

Invesco BulletShares 2031 Municipal Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a $0.0556 dividend. This is a boost from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.67 annualized dividend and a dividend yield of 3.18%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Confluence Investment Management LLC bought a new stake in Invesco BulletShares 2031 Municipal Bond ETF in the first quarter valued at $6,089,000. Precedent Wealth Partners LLC purchased a new position in Invesco BulletShares 2031 Municipal Bond ETF during the fourth quarter valued at $814,000. Sterling Financial Group Inc. lifted its position in Invesco BulletShares 2031 Municipal Bond ETF by 55.8% during the first quarter. Sterling Financial Group Inc. now owns 47,790 shares of the company’s stock valued at $1,018,000 after buying an additional 17,118 shares during the period. Envision Financial Planning LLC lifted its position in Invesco BulletShares 2031 Municipal Bond ETF by 9.5% during the first quarter. Envision Financial Planning LLC now owns 183,976 shares of the company’s stock valued at $3,921,000 after buying an additional 15,984 shares during the period. Finally, Beacon Pointe Advisors LLC purchased a new position in Invesco BulletShares 2031 Municipal Bond ETF during the fourth quarter valued at $332,000.

Invesco BulletShares 2031 Municipal Bond ETF Company Profile

The Invesco BulletShares 2031 Municipal Bond ETF (BSMV) 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 2031. BSMV was launched on Sep 15, 2021 and is managed by Invesco.