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

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 29,718 shares, an increase of 228.8% from the April 30th total of 9,038 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 29,888 shares, the short-interest ratio is currently 1.0 days.

Invesco BulletShares 2030 Municipal Bond ETF Stock Up 0.0%

Shares of BSMU traded up $0.01 during trading hours on Friday, hitting $21.87. The company had a trading volume of 16,187 shares, compared to its average volume of 40,128. The stock’s 50 day moving average price is $21.89 and its 200 day moving average price is $22.03. Invesco BulletShares 2030 Municipal Bond ETF has a 52-week low of $21.31 and a 52-week high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were issued a $0.0531 dividend. This is a positive change from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, May 18th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BSMU. Hills Bank & Trust Co increased its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 76.7% in the fourth quarter. Hills Bank & Trust Co now owns 432,344 shares of the company’s stock worth $9,522,000 after buying an additional 187,718 shares during the period. Jane Street Group LLC increased its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 134.5% in the first quarter. Jane Street Group LLC now owns 215,298 shares of the company’s stock worth $4,646,000 after buying an additional 123,496 shares during the period. Stratos Wealth Advisors LLC increased its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 103.5% in the third quarter. Stratos Wealth Advisors LLC now owns 240,291 shares of the company’s stock worth $5,267,000 after buying an additional 122,208 shares during the period. Invesco Ltd. increased its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 69.5% in the fourth quarter. Invesco Ltd. now owns 287,207 shares of the company’s stock worth $6,326,000 after buying an additional 117,737 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 530.4% during the fourth quarter. NewEdge Advisors LLC now owns 116,637 shares of the company’s stock worth $2,569,000 after purchasing an additional 98,135 shares during the period.

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.