Short Interest in Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Drops By 58.3%

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU – Get Rating) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 1,500 shares, a drop of 58.3% from the May 15th total of 3,600 shares. Based on an average daily volume of 4,700 shares, the days-to-cover ratio is presently 0.3 days.

Shares of BSMU stock opened at $22.02 on Friday. The stock’s 50-day moving average is $22.17 and its two-hundred day moving average is $23.85. Invesco BulletShares 2030 Municipal Bond ETF has a 1 year low of $21.16 and a 1 year high of $26.07.

The business also recently declared a monthly dividend, which was paid on Tuesday, May 31st. Investors of record on Tuesday, May 24th were issued a dividend of $0.038 per share. The ex-dividend date was Monday, May 23rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.03.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 1.5% during the first quarter. Royal Bank of Canada now owns 73,378 shares of the company’s stock worth $1,701,000 after buying an additional 1,065 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the first quarter worth about $260,000. Advisor Group Holdings Inc. grew its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 21.1% during the first quarter. Advisor Group Holdings Inc. now owns 13,219 shares of the company’s stock worth $306,000 after buying an additional 2,300 shares during the last quarter. Asset Dedication LLC grew its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 150.0% during the first quarter. Asset Dedication LLC now owns 6,860 shares of the company’s stock worth $157,000 after buying an additional 4,116 shares during the last quarter. Finally, FOCUS Wealth Advisors LLC purchased a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the first quarter worth about $307,000.

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