Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Shares Shorted: Short Interest Down 70.8% in October

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 16,688 shares, a decline of 70.8% from the October 15th total of 57,224 shares. Based on an average daily volume of 104,761 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Institutional investors have recently added to or reduced their stakes in the company. Banco Santander S.A. purchased a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the third quarter valued at about $386,000. HighTower Advisors LLC purchased a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the third quarter worth about $7,721,000. Harbour Investments Inc. purchased a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the third quarter worth about $580,000. IFG Advisory LLC grew its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 7.5% in the third quarter. IFG Advisory LLC now owns 20,375 shares of the company’s stock worth $426,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Addison Advisors LLC grew its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 14.3% in the third quarter. Addison Advisors LLC now owns 11,451 shares of the company’s stock worth $239,000 after purchasing an additional 1,430 shares during the last quarter.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

Shares of NASDAQ:BSMU traded down $0.07 during trading on Friday, reaching $21.48. 68,331 shares of the company traded hands, compared to its average volume of 62,996. Invesco BulletShares 2030 Municipal Bond ETF has a 52-week low of $20.56 and a 52-week high of $22.31. The business’s fifty day moving average is $21.23 and its 200-day moving average is $21.75.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were issued a dividend of $0.0535 per share. The ex-dividend date was Monday, October 19th. This represents a $0.64 dividend on an annualized basis and a yield of 3.0%. This is an increase from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.0517.

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.