Short Interest in Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Declines By 49.4%

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 4,000 shares, a drop of 49.4% from the February 28th total of 7,900 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 53,700 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 4th quarter worth about $97,000. Collier Financial acquired a new position in Invesco BulletShares 2030 Municipal Bond ETF during the fourth quarter valued at approximately $115,000. Crews Bank & Trust acquired a new position in Invesco BulletShares 2030 Municipal Bond ETF during the fourth quarter valued at approximately $198,000. Wingate Wealth Advisors Inc. bought a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the fourth quarter valued at approximately $199,000. Finally, D.A. Davidson & CO. raised its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 6.7% in the third quarter. D.A. Davidson & CO. now owns 10,350 shares of the company’s stock worth $229,000 after purchasing an additional 650 shares during the period.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

BSMU traded up $0.07 during trading on Friday, reaching $21.56. 64,033 shares of the company’s stock were exchanged, compared to its average volume of 39,537. The company’s fifty day moving average price is $21.83 and its 200-day moving average price is $21.91. Invesco BulletShares 2030 Municipal Bond ETF has a fifty-two week low of $21.49 and a fifty-two week high of $22.25.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.0515 dividend. The ex-dividend date was Monday, March 24th. This is an increase from Invesco BulletShares 2030 Municipal Bond ETF’s previous dividend of $0.05.

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.