Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Sees Significant Drop in Short Interest

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 21,415 shares, a decline of 47.2% from the May 31st total of 40,563 shares. Based on an average trading volume of 40,213 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2031 Municipal Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Hills Bank & Trust Co increased its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 242.5% in the 4th quarter. Hills Bank & Trust Co now owns 441,580 shares of the company’s stock valued at $9,333,000 after acquiring an additional 312,658 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF in the 4th quarter valued at approximately $557,000. Clark Asset Management LLC boosted its stake in Invesco BulletShares 2031 Municipal Bond ETF by 37.7% during the 1st quarter. Clark Asset Management LLC now owns 93,089 shares of the company’s stock worth $1,944,000 after acquiring an additional 25,502 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Invesco BulletShares 2031 Municipal Bond ETF during the 4th quarter worth approximately $767,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Invesco BulletShares 2031 Municipal Bond ETF by 109.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 106,137 shares of the company’s stock worth $2,243,000 after acquiring an additional 55,479 shares during the last quarter.

Invesco BulletShares 2031 Municipal Bond ETF Trading Up 0.1%

Shares of Invesco BulletShares 2031 Municipal Bond ETF stock opened at $21.00 on Tuesday. The firm has a fifty day moving average of $20.98 and a two-hundred day moving average of $21.11. Invesco BulletShares 2031 Municipal Bond ETF has a 52 week low of $20.48 and a 52 week high of $21.53.

Invesco BulletShares 2031 Municipal Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.0535 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%.

About Invesco BulletShares 2031 Municipal Bond ETF

The Invesco BulletShares 2031 Municipal Bond ETF (BSMV) 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 2031. BSMV was launched on Sep 15, 2021 and is managed by Invesco.