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

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 29,718 shares, an increase of 228.8% from the April 30th total of 9,038 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 29,888 shares, the days-to-cover ratio is currently 1.0 days.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

Shares of Invesco BulletShares 2030 Municipal Bond ETF stock traded up $0.01 during midday trading on Friday, reaching $21.87. 16,187 shares of the company’s stock traded hands, compared to its average volume of 40,128. The stock has a 50 day moving average of $21.89 and a 200-day moving average of $22.03. Invesco BulletShares 2030 Municipal Bond ETF has a 12 month low of $21.31 and a 12 month high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were issued a dividend of $0.0531 per share. This is a boost from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, May 18th.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of BSMU. Royal Bank of Canada increased its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 10.0% during the first quarter. Royal Bank of Canada now owns 13,949 shares of the company’s stock valued at $301,000 after buying an additional 1,265 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the first quarter valued at about $56,000. Jones Financial Companies Lllp increased its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 104.5% during the first quarter. Jones Financial Companies Lllp now owns 9,463 shares of the company’s stock valued at $223,000 after buying an additional 4,836 shares during the period. Jane Street Group LLC increased its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 134.5% during the first quarter. Jane Street Group LLC now owns 215,298 shares of the company’s stock valued at $4,646,000 after buying an additional 123,496 shares during the period. Finally, Invesco Ltd. increased its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 1.4% during the second quarter. Invesco Ltd. now owns 159,854 shares of the company’s stock valued at $3,437,000 after buying an additional 2,218 shares during the period.

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.