Short Interest in Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Grows By 405.5%

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 17,401 shares, an increase of 405.5% from the March 31st total of 3,442 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 37,794 shares, the days-to-cover ratio is currently 0.5 days.

Invesco BulletShares 2031 Municipal Bond ETF Stock Performance

NASDAQ:BSMV opened at $21.04 on Friday. The business has a 50 day moving average of $21.13 and a 200 day moving average of $21.16. Invesco BulletShares 2031 Municipal Bond ETF has a 1-year low of $20.31 and a 1-year high of $21.53.

Invesco BulletShares 2031 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 20th were paid a $0.0512 dividend. The ex-dividend date of this dividend was Monday, April 20th. This is a positive change from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a yield of 2.9%.

Institutional Investors Weigh In On Invesco BulletShares 2031 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 holdings in Invesco BulletShares 2031 Municipal Bond ETF by 242.5% in the fourth quarter. Hills Bank & Trust Co now owns 441,580 shares of the company’s stock worth $9,333,000 after acquiring an additional 312,658 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco BulletShares 2031 Municipal Bond ETF by 527.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 317,976 shares of the company’s stock worth $6,720,000 after acquiring an additional 267,318 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Invesco BulletShares 2031 Municipal Bond ETF by 215.7% in the fourth quarter. HighTower Advisors LLC now owns 220,511 shares of the company’s stock worth $4,660,000 after acquiring an additional 150,658 shares in the last quarter. Lido Advisors LLC boosted its holdings in Invesco BulletShares 2031 Municipal Bond ETF by 104.5% in the third quarter. Lido Advisors LLC now owns 176,900 shares of the company’s stock worth $3,717,000 after acquiring an additional 90,400 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Invesco BulletShares 2031 Municipal Bond ETF by 139.1% in the second quarter. Jane Street Group LLC now owns 92,818 shares of the company’s stock worth $1,914,000 after acquiring an additional 53,994 shares in the last quarter.

About Invesco BulletShares 2031 Municipal Bond ETF

The Invesco BulletShares 2031 Municipal Bond ETF (BSMV) 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 2031. BSMV was launched on Sep 15, 2021 and is managed by Invesco.