Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Short Interest Update

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 17,000 shares, a drop of 60.5% from the January 31st total of 43,000 shares. Based on an average daily volume of 56,900 shares, the short-interest ratio is currently 0.3 days.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

Shares of BSMU stock opened at $21.97 on Friday. Invesco BulletShares 2030 Municipal Bond ETF has a 52 week low of $21.51 and a 52 week high of $22.34. The stock’s fifty day moving average is $21.82 and its 200-day moving average is $21.94.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were given a dividend of $0.0513 per share. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Invesco BulletShares 2030 Municipal Bond ETF’s previous dividend of $0.05.

Institutional Trading of Invesco BulletShares 2030 Municipal Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hills Bank & Trust Co boosted its stake in Invesco BulletShares 2030 Municipal Bond ETF by 477.0% during the 4th quarter. Hills Bank & Trust Co now owns 327,128 shares of the company’s stock worth $7,105,000 after acquiring an additional 270,434 shares during the last quarter. Confluence Investment Management LLC raised its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 1,979.2% in the third quarter. Confluence Investment Management LLC now owns 265,118 shares of the company’s stock worth $5,872,000 after purchasing an additional 252,367 shares during the period. Raymond James Financial Inc. bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the fourth quarter worth $3,738,000. Sanctuary Advisors LLC acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 4th quarter valued at $2,890,000. Finally, Atria Investments Inc acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 4th quarter valued at $2,823,000.

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.