Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Sees Significant Increase in Short Interest

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 120,208 shares, a growth of 129.3% from the July 30th total of 52,424 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 37,567 shares, the short-interest ratio is currently 3.2 days.

Institutional Trading of Invesco BulletShares 2031 Municipal Bond ETF

Several large investors have recently added to or reduced their stakes in the business. Hills Bank & Trust Co boosted its position in Invesco BulletShares 2031 Municipal Bond ETF by 242.5% during the 4th quarter. Hills Bank & Trust Co now owns 441,580 shares of the company’s stock worth $9,333,000 after acquiring an additional 312,658 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco BulletShares 2031 Municipal Bond ETF by 527.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 317,976 shares of the company’s stock valued at $6,720,000 after purchasing an additional 267,318 shares during the period. HighTower Advisors LLC increased its holdings in shares of Invesco BulletShares 2031 Municipal Bond ETF by 215.7% during the fourth quarter. HighTower Advisors LLC now owns 220,511 shares of the company’s stock valued at $4,660,000 after purchasing an additional 150,658 shares during the period. Lido Advisors LLC raised its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 104.5% during the third quarter. Lido Advisors LLC now owns 176,900 shares of the company’s stock valued at $3,717,000 after purchasing an additional 90,400 shares in the last quarter. Finally, Coastline Complete Wealth LLC raised its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 492.2% during the first quarter. Coastline Complete Wealth LLC now owns 71,823 shares of the company’s stock valued at $1,500,000 after purchasing an additional 59,695 shares in the last quarter.

Invesco BulletShares 2031 Municipal Bond ETF Price Performance

NASDAQ BSMV traded down $0.01 on Friday, hitting $20.73. The stock had a trading volume of 32,204 shares, compared to its average volume of 42,330. The company’s 50-day moving average is $20.85 and its two-hundred day moving average is $21.00. Invesco BulletShares 2031 Municipal Bond ETF has a one year low of $20.63 and a one year high of $21.53.

Invesco BulletShares 2031 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a dividend of $0.0548 per share. This is a boost from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, August 24th.

Invesco BulletShares 2031 Municipal Bond ETF Company Profile

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.