Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Sees Large Increase in Short Interest

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 120,208 shares, an increase of 129.3% from the July 30th total of 52,424 shares. Based on an average daily volume of 37,567 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BSMV. NewEdge Advisors LLC purchased a new position in Invesco BulletShares 2031 Municipal Bond ETF during the first quarter worth about $54,000. JPMorgan Chase & Co. bought a new position in Invesco BulletShares 2031 Municipal Bond ETF in the third quarter worth $56,000. Ascentis Independent Advisors purchased a new position in Invesco BulletShares 2031 Municipal Bond ETF during the first quarter valued at $140,000. Capital Analysts LLC increased its stake in Invesco BulletShares 2031 Municipal Bond ETF by 516.5% during the 4th quarter. Capital Analysts LLC now owns 8,884 shares of the company’s stock valued at $188,000 after purchasing an additional 7,443 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of Invesco BulletShares 2031 Municipal Bond ETF by 5.2% during the fourth quarter. Harbour Investments Inc. now owns 9,517 shares of the company’s stock valued at $201,000 after buying an additional 472 shares during the last quarter.

Invesco BulletShares 2031 Municipal Bond ETF Trading Down 0.0%

Shares of Invesco BulletShares 2031 Municipal Bond ETF stock traded down $0.01 during trading hours on Friday, hitting $20.73. 32,204 shares of the company’s stock traded hands, compared to its average volume of 42,330. The company has a fifty day simple moving average of $20.85 and a 200-day simple moving average of $21.00. 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 Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a dividend of $0.0548 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.05.

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.