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

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 80,510 shares, a decline of 33.0% from the August 15th total of 120,208 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 41,439 shares, the days-to-cover ratio is currently 1.9 days.

Invesco BulletShares 2031 Municipal Bond ETF Trading Up 0.2%

BSMV stock opened at $20.35 on Friday. The business’s fifty day moving average price is $20.72 and its two-hundred day moving average price is $20.90. Invesco BulletShares 2031 Municipal Bond ETF has a fifty-two week low of $20.27 and a fifty-two week high of $21.53.

Invesco BulletShares 2031 Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a $0.0548 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. This is a boost from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date was Monday, August 24th.

Institutional Trading of Invesco BulletShares 2031 Municipal Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BSMV. Anchor Investment Management LLC acquired a new stake in Invesco BulletShares 2031 Municipal Bond ETF during the second quarter worth approximately $115,000. Ascentis Independent Advisors acquired a new position in Invesco BulletShares 2031 Municipal Bond ETF in the 1st quarter valued at $140,000. Harbour Investments Inc. lifted its position in shares of Invesco BulletShares 2031 Municipal Bond ETF by 5.2% during the 4th quarter. Harbour Investments Inc. now owns 9,517 shares of the company’s stock valued at $201,000 after acquiring an additional 472 shares during the period. Cookson Peirce & Co. Inc. bought a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF during the 4th quarter valued at $211,000. Finally, World Investment Advisors acquired a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF during the 1st quarter worth $238,000.

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.