Short Interest in Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Decreases By 33.0%

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 80,510 shares, a decrease of 33.0% from the August 15th total of 120,208 shares. Based on an average daily volume of 41,439 shares, the short-interest ratio is presently 1.9 days. Currently, 0.9% of the company’s stock are sold short.

Invesco BulletShares 2031 Municipal Bond ETF Trading Down 0.2%

Shares of NASDAQ:BSMV opened at $20.31 on Friday. The business’s 50 day simple moving average is $20.70 and its two-hundred day simple moving average is $20.90. Invesco BulletShares 2031 Municipal Bond ETF has a 52-week low of $20.27 and a 52-week high of $21.53.

Invesco BulletShares 2031 Municipal Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a dividend of $0.0548 per share. The ex-dividend date of this dividend was Monday, August 24th. This is a positive change from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%.

Hedge Funds Weigh In On Invesco BulletShares 2031 Municipal Bond ETF

A number of large investors have recently modified their holdings of BSMV. Northwestern Mutual Wealth Management Co. raised its holdings in 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 worth $2,243,000 after buying an additional 55,479 shares during the last quarter. Clark Asset Management LLC lifted its stake in shares of 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 valued at $1,944,000 after buying an additional 25,502 shares in the last quarter. Wedmont Private Capital acquired a new position in shares of Invesco BulletShares 2031 Municipal Bond ETF during the second quarter valued at about $707,000. UBS Group AG grew its holdings in shares of Invesco BulletShares 2031 Municipal Bond ETF by 28.7% during the fourth quarter. UBS Group AG now owns 184,341 shares of the company’s stock valued at $3,896,000 after buying an additional 41,119 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Invesco BulletShares 2031 Municipal Bond ETF by 215.7% during the fourth quarter. HighTower Advisors LLC now owns 220,511 shares of the company’s stock worth $4,660,000 after acquiring an additional 150,658 shares in the last quarter.

Invesco BulletShares 2031 Municipal Bond ETF Company Profile

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.