Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Shares Shorted: Short Interest Up 100.3% in September

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 19,063 shares, an increase of 100.3% from the September 15th total of 9,516 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 153,084 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of hedge funds have recently bought and sold shares of BSMU. Kestra Advisory Services LLC increased its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 0.6% during the first 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 in the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 1st quarter valued at about $31,000. Gill Capital Partners LLC boosted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 49.9% in the 2nd quarter. Gill Capital Partners LLC now owns 5,920 shares of the company’s stock valued at $152,000 after purchasing an additional 1,970 shares during the period. Farmers National Bank boosted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 3.5% in the 4th quarter. Farmers National Bank now owns 60,708 shares of the company’s stock valued at $1,337,000 after purchasing an additional 2,073 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 10.9% in the 1st quarter. Sanctuary Advisors LLC now owns 23,149 shares of the company’s stock valued at $505,000 after purchasing an additional 2,282 shares during the period.

Invesco BulletShares 2030 Municipal Bond ETF Stock Down 0.4%

Shares of NASDAQ BSMU traded down $0.09 during mid-day trading on Wednesday, hitting $21.05. The company had a trading volume of 20,336 shares, compared to its average volume of 58,748. The business’s 50-day simple moving average is $21.38 and its 200 day simple moving average is $21.69. Invesco BulletShares 2030 Municipal Bond ETF has a 1-year low of $20.56 and a 1-year high of $22.31.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a dividend of $0.0517 per share. This is a negative change from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.0544. The ex-dividend date was Monday, September 21st. This represents a $0.62 annualized dividend and a yield of 2.9%.

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.