Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Shares Shorted: Short Interest Up 100.3% in September

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 19,063 shares, an increase of 100.3% from the September 15th total of 9,516 shares. Based on an average daily trading volume, of 153,084 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of Invesco BulletShares 2030 Municipal Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of BSMU. Coastline Complete Wealth LLC purchased a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the fourth quarter valued at about $1,380,000. Horizons Wealth Management purchased a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the third quarter worth about $543,000. Kinetic Wealth Investment Advisors LLC purchased a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the second quarter worth about $1,179,000. Sax Wealth Advisors LLC purchased a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the second quarter worth about $654,000. Finally, Wedmont Private Capital acquired a new position in Invesco BulletShares 2030 Municipal Bond ETF in the 2nd quarter valued at about $708,000.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

Shares of BSMU stock traded down $0.09 during trading hours on Wednesday, hitting $21.05. The stock had a trading volume of 20,336 shares, compared to its average volume of 58,748. Invesco BulletShares 2030 Municipal Bond ETF has a twelve month low of $20.56 and a twelve month high of $22.31. The stock’s 50 day moving average is $21.38 and its 200 day moving average is $21.69.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.0517 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.0544.

About Invesco BulletShares 2030 Municipal Bond ETF

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.