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

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

Institutional Trading of Invesco BulletShares 2030 Municipal Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in BSMU. Harbor Investment Advisory LLC acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter worth $31,000. NewEdge Advisors LLC acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter worth $56,000. Painted Porch Advisors LLC acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 3rd quarter worth $85,000. Ascentis Independent Advisors acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter worth $140,000. Finally, Anchor Investment Management LLC acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter worth $142,000.

Invesco BulletShares 2030 Municipal Bond ETF Trading Up 0.1%

BSMU traded up $0.02 during trading on Friday, hitting $21.88. The company’s stock had a trading volume of 30,685 shares, compared to its average volume of 40,392. The firm’s 50 day moving average price is $21.88 and its 200-day moving average price is $22.03. Invesco BulletShares 2030 Municipal Bond ETF has a twelve month low of $21.31 and a twelve month high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

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

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.