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

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 49,866 shares, a decrease of 38.1% from the August 31st total of 80,510 shares. Based on an average daily volume of 106,476 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco BulletShares 2031 Municipal Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 valued at $2,243,000 after acquiring an additional 55,479 shares during the period. Wedmont Private Capital acquired a new stake in Invesco BulletShares 2031 Municipal Bond ETF in the second quarter worth about $707,000. Clark Asset Management LLC increased its position in Invesco BulletShares 2031 Municipal Bond ETF by 37.7% in the first quarter. Clark Asset Management LLC now owns 93,089 shares of the company’s stock worth $1,944,000 after purchasing an additional 25,502 shares during the period. Confluence Investment Management LLC bought a new stake in Invesco BulletShares 2031 Municipal Bond ETF during the 3rd quarter worth about $5,574,000. Finally, Coastline Complete Wealth LLC raised its holdings in Invesco BulletShares 2031 Municipal Bond ETF by 492.2% during the 1st quarter. Coastline Complete Wealth LLC now owns 71,823 shares of the company’s stock worth $1,500,000 after purchasing an additional 59,695 shares during the last quarter.

Invesco BulletShares 2031 Municipal Bond ETF Price Performance

BSMV opened at $20.00 on Friday. The company’s 50 day simple moving average is $20.55 and its 200-day simple moving average is $20.82. Invesco BulletShares 2031 Municipal Bond ETF has a one year low of $19.67 and a one year high of $21.53.

Invesco BulletShares 2031 Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a dividend of $0.0508 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.61 annualized dividend and a yield of 3.0%. This is a negative change from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.0548.

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.