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

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 52,424 shares, an increase of 67.3% from the July 15th total of 31,330 shares. Based on an average trading volume of 44,612 shares, the short-interest ratio is presently 1.2 days. Currently, 0.6% of the shares of the company are sold short.

Invesco BulletShares 2031 Municipal Bond ETF Stock Down 0.1%

Shares of BSMV stock traded down $0.03 during trading hours on Tuesday, hitting $20.81. The company’s stock had a trading volume of 16,171 shares, compared to its average volume of 42,104. The company has a 50 day moving average of $20.90 and a 200 day moving average of $21.03. Invesco BulletShares 2031 Municipal Bond ETF has a 12-month low of $20.63 and a 12-month high of $21.53.

Invesco BulletShares 2031 Municipal Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were given a dividend of $0.0535 per share. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, July 20th.

Hedge Funds Weigh In On Invesco BulletShares 2031 Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Hills Bank & Trust Co boosted its position in 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 worth $9,333,000 after purchasing an additional 312,658 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Invesco BulletShares 2031 Municipal Bond ETF in the 4th quarter valued at $557,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco BulletShares 2031 Municipal Bond ETF by 109.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 106,137 shares of the company’s stock worth $2,243,000 after buying an additional 55,479 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Invesco BulletShares 2031 Municipal Bond ETF during the fourth quarter worth $767,000. Finally, Clark Asset Management LLC grew its position in Invesco BulletShares 2031 Municipal Bond ETF by 37.7% during the first quarter. Clark Asset Management LLC now owns 93,089 shares of the company’s stock valued at $1,944,000 after buying an additional 25,502 shares during the period.

Invesco BulletShares 2031 Municipal Bond ETF Company Profile

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.