Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Stock Short Interest Declines 76.2%

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 9,516 shares, a decline of 76.2% from the August 31st total of 40,029 shares. Based on an average daily trading volume, of 84,953 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 112,964 shares of the company’s stock valued at $2,476,000 after buying an additional 7,057 shares during the last quarter. Anchor Investment Management LLC lifted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 53.8% in the second quarter. Anchor Investment Management LLC now owns 10,000 shares of the company’s stock valued at $219,000 after acquiring an additional 3,500 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 29.6% in the second quarter. Integrated Wealth Concepts LLC now owns 62,608 shares of the company’s stock valued at $1,372,000 after acquiring an additional 14,293 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 2.3% during the second quarter. NewEdge Advisors LLC now owns 217,003 shares of the company’s stock valued at $4,756,000 after acquiring an additional 4,904 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the second quarter valued at $333,000.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

NASDAQ BSMU traded down $0.09 during trading hours on Friday, reaching $20.87. The company’s stock had a trading volume of 99,234 shares, compared to its average volume of 53,613. The company’s 50-day moving average is $21.56 and its two-hundred day moving average is $21.79. Invesco BulletShares 2030 Municipal Bond ETF has a fifty-two week low of $20.86 and a fifty-two week high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a $0.0517 dividend. This is a drop from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.0544. This represents a $0.62 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, September 21st.

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.