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

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 10,400 shares, a decrease of 81.6% from the September 30th total of 56,600 shares. Based on an average daily trading volume, of 38,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Horizons Wealth Management increased its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 23.4% during the second quarter. Horizons Wealth Management now owns 6,595 shares of the company’s stock worth $145,000 after purchasing an additional 1,250 shares during the period. First Command Advisory Services Inc. increased its position in Invesco BulletShares 2030 Municipal Bond ETF by 82.1% during the second quarter. First Command Advisory Services Inc. now owns 3,746 shares of the company’s stock worth $82,000 after acquiring an additional 1,689 shares during the period. Asset Dedication LLC raised its stake in Invesco BulletShares 2030 Municipal Bond ETF by 8.0% in the 3rd quarter. Asset Dedication LLC now owns 27,040 shares of the company’s stock worth $599,000 after purchasing an additional 2,013 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 25.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,042 shares of the company’s stock worth $219,000 after purchasing an additional 2,047 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 8.7% in the first quarter. Commonwealth Equity Services LLC now owns 29,929 shares of the company’s stock valued at $662,000 after buying an additional 2,408 shares in the last quarter.

Invesco BulletShares 2030 Municipal Bond ETF Trading Up 0.1 %

Shares of NASDAQ:BSMU traded up $0.03 during midday trading on Friday, reaching $21.79. 10,766 shares of the company were exchanged, compared to its average volume of 29,103. Invesco BulletShares 2030 Municipal Bond ETF has a fifty-two week low of $20.61 and a fifty-two week high of $22.80. The stock has a fifty day simple moving average of $22.07 and a two-hundred day simple moving average of $21.94.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, October 21st will be given a dividend of $0.055 per share. The ex-dividend date is Monday, October 21st. This is a boost from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a $0.66 annualized dividend and a yield of 3.03%.

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.