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

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

Invesco BulletShares 2030 Municipal Bond ETF Trading Up 0.1 %

NASDAQ:BSMU traded up $0.03 during trading hours on Friday, reaching $21.98. 7,327 shares of the company’s stock were exchanged, compared to its average volume of 21,811. Invesco BulletShares 2030 Municipal Bond ETF has a 12 month low of $20.57 and a 12 month high of $22.80. The business’s 50-day simple moving average is $21.82 and its two-hundred day simple moving average is $22.08.

Invesco BulletShares 2030 Municipal Bond ETF Announces Dividend

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

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 stock. First Command Advisory Services Inc. acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 1st quarter valued at $46,000. Horizons Wealth Management purchased a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the fourth quarter valued at about $120,000. Avior Wealth Management LLC acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the fourth quarter worth about $122,000. Valicenti Advisory Services Inc. purchased a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the fourth quarter worth approximately $201,000. Finally, Arlington Capital Management Inc. acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the first quarter valued at approximately $206,000.

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.