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

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 25,827 shares, a drop of 38.5% from the January 29th total of 41,982 shares. Based on an average trading volume of 71,072 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 71,072 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Asset Dedication LLC boosted its stake in Invesco BulletShares 2031 Municipal Bond ETF by 145.1% in the second quarter. Asset Dedication LLC now owns 41,289 shares of the company’s stock valued at $851,000 after acquiring an additional 24,441 shares in the last quarter. Hills Bank & Trust Co purchased a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF in the 2nd quarter valued at about $1,042,000. Central Valley Advisors LLC purchased a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF in the 3rd quarter valued at about $3,951,000. Atlantic Union Bankshares Corp boosted its position in shares of Invesco BulletShares 2031 Municipal Bond ETF by 23.8% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 160,769 shares of the company’s stock valued at $3,315,000 after purchasing an additional 30,866 shares during the period. Finally, Clark Asset Management LLC grew its stake in Invesco BulletShares 2031 Municipal Bond ETF by 37.3% during the 3rd quarter. Clark Asset Management LLC now owns 66,481 shares of the company’s stock worth $1,397,000 after buying an additional 18,047 shares during the last quarter.

Invesco BulletShares 2031 Municipal Bond ETF Stock Performance

BSMV stock opened at $21.44 on Friday. The business has a 50 day moving average price of $21.28 and a 200 day moving average price of $21.12. Invesco BulletShares 2031 Municipal Bond ETF has a fifty-two week low of $19.74 and a fifty-two week high of $21.53.

Invesco BulletShares 2031 Municipal Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.0494 per share. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 2.8%. This is a boost from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.05.

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.