Short Interest in Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Drops By 71.4%

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 4,400 shares, a decrease of 71.4% from the September 30th total of 15,400 shares. Based on an average daily volume of 21,000 shares, the days-to-cover ratio is currently 0.2 days.

Invesco BulletShares 2031 Municipal Bond ETF Price Performance

Shares of BSMV traded up $0.03 during trading hours on Friday, reaching $20.96. The stock had a trading volume of 7,222 shares, compared to its average volume of 19,583. The firm has a 50-day simple moving average of $21.23 and a 200 day simple moving average of $21.12. Invesco BulletShares 2031 Municipal Bond ETF has a 12 month low of $19.68 and a 12 month high of $21.73.

Institutional Investors Weigh In On Invesco BulletShares 2031 Municipal Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BSMV. First Command Advisory Services Inc. purchased a new position in shares of Invesco BulletShares 2031 Municipal Bond ETF during the first quarter valued at approximately $45,000. Hobbs Group Advisors LLC bought a new position in shares of Invesco BulletShares 2031 Municipal Bond ETF during the second quarter valued at about $152,000. Bill Few Associates Inc. purchased a new position in Invesco BulletShares 2031 Municipal Bond ETF during the second quarter worth about $201,000. Northwestern Mutual Wealth Management Co. grew its position in Invesco BulletShares 2031 Municipal Bond ETF by 22.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,627 shares of the company’s stock worth $223,000 after purchasing an additional 1,982 shares in the last quarter. Finally, Asset Dedication LLC increased its stake in Invesco BulletShares 2031 Municipal Bond ETF by 14.5% in the 2nd quarter. Asset Dedication LLC now owns 12,445 shares of the company’s stock valued at $261,000 after buying an additional 1,577 shares during the last quarter.

About Invesco BulletShares 2031 Municipal Bond ETF

The Invesco BulletShares 2031 Municipal Bond ETF (BSMV) 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 2031. BSMV was launched on Sep 15, 2021 and is managed by Invesco.