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

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 8,200 shares, a drop of 21.9% from the August 15th total of 10,500 shares. Based on an average daily volume of 38,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Command Advisory Services Inc. acquired a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter worth $46,000. Horizons Wealth Management raised its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 23.4% during the second quarter. Horizons Wealth Management now owns 6,595 shares of the company’s stock worth $145,000 after acquiring an additional 1,250 shares during the period. Bill Few Associates Inc. bought a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the 2nd quarter valued at $201,000. Arlington Capital Management Inc. acquired a new position in Invesco BulletShares 2030 Municipal Bond ETF in the 1st quarter worth $206,000. Finally, Astoria Portfolio Advisors LLC. bought a new position in Invesco BulletShares 2030 Municipal Bond ETF during the 2nd quarter worth about $212,000.

Invesco BulletShares 2030 Municipal Bond ETF Trading Up 0.1 %

Shares of BSMU traded up $0.03 during mid-day trading on Tuesday, reaching $22.19. The company had a trading volume of 89,512 shares, compared to its average volume of 28,063. Invesco BulletShares 2030 Municipal Bond ETF has a twelve month low of $20.57 and a twelve month high of $22.80. The company’s 50-day moving average is $22.00 and its 200-day moving average is $21.95.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 19th were given a $0.051 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.61 dividend on an annualized basis and a yield of 2.76%.

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.