Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Sees Significant Growth in Short Interest

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 11,775 shares, an increase of 169.0% from the June 30th total of 4,377 shares. Based on an average daily trading volume, of 36,902 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Investment Advisory LLC acquired a new position in Invesco BulletShares 2030 Municipal Bond ETF in the 1st quarter worth about $31,000. NewEdge Advisors LLC purchased a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter worth about $56,000. Ascentis Independent Advisors acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter valued at about $140,000. Anchor Investment Management LLC acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter valued at about $142,000. Finally, Cookson Peirce & Co. Inc. bought a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 4th quarter valued at approximately $210,000.

Invesco BulletShares 2030 Municipal Bond ETF Trading Up 0.1%

Shares of NASDAQ:BSMU traded up $0.03 during trading on Monday, reaching $21.63. 66,215 shares of the company traded hands, compared to its average volume of 47,554. The firm has a fifty day simple moving average of $21.86 and a 200 day simple moving average of $21.99. Invesco BulletShares 2030 Municipal Bond ETF has a 1-year low of $21.47 and a 1-year high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 20th were issued a dividend of $0.0525 per share. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, July 20th.

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.