Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Shares Shorted: Short Interest Down 70.8% in October

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 16,688 shares, a drop of 70.8% from the October 15th total of 57,224 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 104,761 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Invesco BulletShares 2030 Municipal Bond ETF

Large investors have recently added to or reduced their stakes in the stock. Banco Santander S.A. purchased a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 3rd quarter worth approximately $386,000. HighTower Advisors LLC bought a new position in Invesco BulletShares 2030 Municipal Bond ETF during the 3rd quarter valued at approximately $7,721,000. Harbour Investments Inc. bought a new position in Invesco BulletShares 2030 Municipal Bond ETF during the 3rd quarter valued at approximately $580,000. IFG Advisory LLC raised its stake in Invesco BulletShares 2030 Municipal Bond ETF by 7.5% during the third quarter. IFG Advisory LLC now owns 20,375 shares of the company’s stock valued at $426,000 after buying an additional 1,428 shares during the last quarter. Finally, Addison Advisors LLC raised its stake in Invesco BulletShares 2030 Municipal Bond ETF by 14.3% during the third quarter. Addison Advisors LLC now owns 11,451 shares of the company’s stock valued at $239,000 after buying an additional 1,430 shares during the last quarter.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

Shares of BSMU traded down $0.07 during mid-day trading on Friday, hitting $21.48. 68,331 shares of the company’s stock traded hands, compared to its average volume of 62,996. Invesco BulletShares 2030 Municipal Bond ETF has a 1 year low of $20.56 and a 1 year high of $22.31. The business’s 50-day moving average price is $21.23 and its 200-day moving average price is $21.75.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were issued a $0.0535 dividend. This represents a $0.64 annualized dividend and a yield of 3.0%. This is an increase from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.0517. The ex-dividend date was Monday, October 19th.

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.