Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Short Interest Update

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 52,424 shares, an increase of 67.3% from the July 15th total of 31,330 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 44,612 shares, the days-to-cover ratio is currently 1.2 days.

Invesco BulletShares 2031 Municipal Bond ETF Stock Performance

Shares of NASDAQ BSMV opened at $20.81 on Wednesday. Invesco BulletShares 2031 Municipal Bond ETF has a 52 week low of $20.63 and a 52 week high of $21.53. The stock’s fifty day moving average is $20.89 and its 200 day moving average is $21.03.

Invesco BulletShares 2031 Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were paid a dividend of $0.0535 per share. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, July 20th.

Hedge Funds Weigh In On Invesco BulletShares 2031 Municipal Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hills Bank & Trust Co lifted its stake in Invesco BulletShares 2031 Municipal Bond ETF by 242.5% during the fourth quarter. Hills Bank & Trust Co now owns 441,580 shares of the company’s stock worth $9,333,000 after purchasing an additional 312,658 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 527.7% in the 4th 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 last quarter. HighTower Advisors LLC raised its holdings in shares of Invesco BulletShares 2031 Municipal Bond ETF by 215.7% during the 4th quarter. HighTower Advisors LLC now owns 220,511 shares of the company’s stock worth $4,660,000 after buying an additional 150,658 shares in the last quarter. Lido Advisors LLC raised its holdings in shares of Invesco BulletShares 2031 Municipal Bond ETF by 104.5% during the 3rd quarter. Lido Advisors LLC now owns 176,900 shares of the company’s stock worth $3,717,000 after buying an additional 90,400 shares in the last quarter. Finally, Coastline Complete Wealth LLC lifted its position in shares of Invesco BulletShares 2031 Municipal Bond ETF by 492.2% during the 1st quarter. Coastline Complete Wealth LLC now owns 71,823 shares of the company’s stock worth $1,500,000 after buying an additional 59,695 shares during the last quarter.

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.