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

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 31,800 shares, a decrease of 31.2% from the May 31st total of 46,200 shares. Based on an average daily trading volume, of 20,000 shares, the days-to-cover ratio is presently 1.6 days.

Invesco BulletShares 2030 Municipal Bond ETF Stock Down 0.2 %

NASDAQ:BSMU traded down $0.05 during mid-day trading on Monday, reaching $21.72. 22,434 shares of the company were exchanged, compared to its average volume of 21,231. 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 fifty day moving average of $21.82 and a 200 day moving average of $22.07.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a $0.0543 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Monday, June 24th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Tlwm boosted its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 4.8% in the 1st quarter. Tlwm now owns 24,222 shares of the company’s stock valued at $536,000 after purchasing an additional 1,108 shares during the last quarter. First Command Advisory Services Inc. bought a new position in Invesco BulletShares 2030 Municipal Bond ETF in the first quarter valued at approximately $46,000. Commonwealth Equity Services LLC grew its holdings in 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 period. Atlantic Union Bankshares Corp raised its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 6.7% during 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 last quarter. Finally, CGN Advisors LLC boosted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 5.2% in the 4th 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 last quarter.

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.