Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Short Interest Down 60.7% in June

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 4,377 shares, a drop of 60.7% from the June 15th total of 11,136 shares. Based on an average daily trading volume, of 107,387 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of BSMU. Nations Financial Group Inc. IA ADV increased its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 4.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,951 shares of the company’s stock valued at $219,000 after purchasing an additional 455 shares during the period. Clark Asset Management LLC lifted its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 0.9% in the fourth quarter. Clark Asset Management LLC now owns 64,455 shares of the company’s stock worth $1,420,000 after buying an additional 564 shares during the last quarter. Envision Financial Planning LLC increased its position in Invesco BulletShares 2030 Municipal Bond ETF by 0.9% in the 4th quarter. Envision Financial Planning LLC now owns 77,435 shares of the company’s stock worth $1,706,000 after buying an additional 699 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 0.6% during the 1st quarter. Kestra Advisory Services LLC now owns 129,192 shares of the company’s stock worth $2,818,000 after purchasing an additional 816 shares during the period. Finally, Farmers National Bank increased its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 1.6% in the 3rd quarter. Farmers National Bank now owns 58,635 shares of the company’s stock valued at $1,285,000 after buying an additional 897 shares during the period.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

Shares of NASDAQ:BSMU remained flat at $21.91 during midday trading on Wednesday. 15,384 shares of the company were exchanged, compared to its average volume of 44,715. The company’s 50 day simple moving average is $21.88 and its two-hundred day simple moving average is $22.00. Invesco BulletShares 2030 Municipal Bond ETF has a fifty-two week low of $21.41 and a fifty-two week high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.0527 dividend. This is a boost from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, June 22nd.

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.