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

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 41,500 shares, a growth of 420.4% from the January 29th total of 7,975 shares. Based on an average daily volume of 48,082 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 48,082 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hills Bank & Trust Co raised its stake in Invesco BulletShares 2030 Municipal Bond ETF by 76.7% during the fourth quarter. Hills Bank & Trust Co now owns 432,344 shares of the company’s stock worth $9,522,000 after purchasing an additional 187,718 shares during the period. Central Valley Advisors LLC purchased a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 3rd quarter worth $3,948,000. Jane Street Group LLC boosted its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 134.5% in the first quarter. Jane Street Group LLC now owns 215,298 shares of the company’s stock valued at $4,646,000 after acquiring an additional 123,496 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 103.5% in the third quarter. Stratos Wealth Advisors LLC now owns 240,291 shares of the company’s stock valued at $5,267,000 after acquiring an additional 122,208 shares during the last quarter. Finally, Invesco Ltd. grew its position in Invesco BulletShares 2030 Municipal Bond ETF by 69.5% during the fourth quarter. Invesco Ltd. now owns 287,207 shares of the company’s stock valued at $6,326,000 after acquiring an additional 117,737 shares during the period.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

NASDAQ BSMU opened at $22.27 on Thursday. The business’s 50-day moving average price is $22.15 and its 200 day moving average price is $22.00. Invesco BulletShares 2030 Municipal Bond ETF has a twelve month low of $20.59 and a twelve month high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 23rd will be given a $0.0488 dividend. This is a boost from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, February 23rd.

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.