Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Sees Large Decline in Short Interest

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 4,000 shares, a decrease of 49.4% from the February 28th total of 7,900 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 53,700 shares, the days-to-cover ratio is currently 0.1 days.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

NASDAQ:BSMU opened at $21.50 on Friday. Invesco BulletShares 2030 Municipal Bond ETF has a 1-year low of $21.49 and a 1-year high of $22.25. The business’s 50-day moving average price is $21.83 and its two-hundred day moving average price is $21.91.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a $0.0515 dividend. This is an increase from Invesco BulletShares 2030 Municipal Bond ETF’s previous dividend of $0.05. The ex-dividend date is Monday, March 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the fourth quarter valued at approximately $97,000. Stifel Financial Corp bought a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 3rd quarter valued at $368,000. MML Investors Services LLC raised its stake in Invesco BulletShares 2030 Municipal Bond ETF by 8.9% during the 3rd quarter. MML Investors Services LLC now owns 13,862 shares of the company’s stock worth $307,000 after buying an additional 1,128 shares during the period. Raymond James Financial Inc. acquired a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the 4th quarter worth $3,738,000. Finally, D.A. Davidson & CO. lifted its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 6.7% during the third quarter. D.A. Davidson & CO. now owns 10,350 shares of the company’s stock worth $229,000 after acquiring an additional 650 shares in the last quarter.

Invesco BulletShares 2030 Municipal Bond ETF Company Profile

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.