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

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 80,510 shares, a drop of 33.0% from the August 15th total of 120,208 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 41,439 shares, the short-interest ratio is presently 1.9 days.

Invesco BulletShares 2031 Municipal Bond ETF Stock Performance

Shares of NASDAQ BSMV opened at $20.31 on Thursday. The stock’s 50 day moving average price is $20.73 and its two-hundred day moving average price is $20.91. Invesco BulletShares 2031 Municipal Bond ETF has a 52-week low of $20.27 and a 52-week high of $21.53.

Invesco BulletShares 2031 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a $0.0548 dividend. This is a positive change from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date was Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%.

Hedge Funds Weigh In On Invesco BulletShares 2031 Municipal Bond ETF

Several large investors have recently added to or reduced their stakes in BSMV. Harbour Investments Inc. raised its holdings in shares of Invesco BulletShares 2031 Municipal Bond ETF by 5.2% during the fourth quarter. Harbour Investments Inc. now owns 9,517 shares of the company’s stock valued at $201,000 after buying an additional 472 shares during the last quarter. Farmers National Bank boosted its position in shares of Invesco BulletShares 2031 Municipal Bond ETF by 1.3% during the first quarter. Farmers National Bank now owns 56,390 shares of the company’s stock worth $1,177,000 after buying an additional 703 shares during the period. Kestra Advisory Services LLC grew its holdings in Invesco BulletShares 2031 Municipal Bond ETF by 0.9% in the 1st quarter. Kestra Advisory Services LLC now owns 91,240 shares of the company’s stock worth $1,905,000 after buying an additional 856 shares in the last quarter. Royal Bank of Canada grew its holdings in Invesco BulletShares 2031 Municipal Bond ETF by 11.3% in the 1st quarter. Royal Bank of Canada now owns 20,785 shares of the company’s stock worth $434,000 after buying an additional 2,109 shares in the last quarter. Finally, Key Financial Inc increased its position in Invesco BulletShares 2031 Municipal Bond ETF by 2.5% in the 4th quarter. Key Financial Inc now owns 124,289 shares of the company’s stock valued at $2,627,000 after acquiring an additional 3,000 shares during the period.

About Invesco BulletShares 2031 Municipal Bond ETF

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.