Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Sees Large Increase in Short Interest

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 31,500 shares, agrowthof48.6% from the June 30th total of 21,200 shares. Based on an average daily trading volume, of 49,500 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 49,500 shares, the short-interest ratio is currently 0.6 days.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

Shares of BSMU stock opened at $21.67 on Thursday. The business’s 50-day moving average price is $21.50 and its 200-day moving average price is $21.55. Invesco BulletShares 2030 Municipal Bond ETF has a 12 month low of $20.59 and a 12 month high of $22.25.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 21st were issued a dividend of $0.0558 per share. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, July 21st. This is a boost from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.06.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BSMU. Envestnet Asset Management Inc. grew its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 68.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 87,020 shares of the company’s stock worth $1,890,000 after acquiring an additional 35,391 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 4th quarter valued at about $3,738,000. Stifel Financial Corp boosted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 5.3% during the 4th quarter. Stifel Financial Corp now owns 17,504 shares of the company’s stock valued at $380,000 after purchasing an additional 887 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in Invesco BulletShares 2030 Municipal Bond ETF by 157.7% during the fourth quarter. Integrated Wealth Concepts LLC now owns 45,232 shares of the company’s stock worth $982,000 after purchasing an additional 27,681 shares during the period. Finally, Lido Advisors LLC bought a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the fourth quarter worth approximately $1,032,000.

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.