Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Stock Short Interest Jumps 200.2%

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 57,224 shares, a growth of 200.2% from the September 30th total of 19,063 shares. Based on an average daily trading volume, of 136,527 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Several large investors have recently made changes to their positions in the stock. Financial Solutions Advisory Group Inc. acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the third quarter worth $251,000. WESPAC Advisors LLC acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 3rd quarter valued at approximately $239,000. Signaturefd LLC purchased a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the third quarter worth about $1,051,000. Virtue Asset Management LLC grew its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 95.5% in the third quarter. Virtue Asset Management LLC now owns 18,140 shares of the company’s stock valued at $379,000 after purchasing an additional 8,862 shares during the last quarter. Finally, Precedent Wealth Partners LLC increased its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 19.9% during the 3rd quarter. Precedent Wealth Partners LLC now owns 239,517 shares of the company’s stock worth $5,004,000 after purchasing an additional 39,835 shares in the last quarter.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

BSMU traded up $0.04 during midday trading on Friday, hitting $21.45. 42,973 shares of the company traded hands, compared to its average volume of 62,076. Invesco BulletShares 2030 Municipal Bond ETF has a 52-week low of $20.56 and a 52-week high of $22.31. The business has a 50 day simple moving average of $21.26 and a two-hundred day simple moving average of $21.78.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

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

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.