Short Interest in Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Drops By 21.9%

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 8,200 shares, a decrease of 21.9% from the August 15th total of 10,500 shares. Based on an average daily volume of 38,000 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. First Command Advisory Services Inc. purchased a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter worth about $46,000. Horizons Wealth Management grew its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 23.4% during the second quarter. Horizons Wealth Management now owns 6,595 shares of the company’s stock valued at $145,000 after purchasing an additional 1,250 shares during the last quarter. Bill Few Associates Inc. acquired a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the second quarter worth $201,000. Arlington Capital Management Inc. bought a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the 1st quarter valued at about $206,000. Finally, Astoria Portfolio Advisors LLC. acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the second quarter worth approximately $212,000.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

NASDAQ:BSMU traded up $0.03 during midday trading on Tuesday, hitting $22.19. 89,512 shares of the company were exchanged, compared to its average volume of 28,063. The company has a fifty day simple moving average of $22.00 and a 200 day simple moving average of $21.95. Invesco BulletShares 2030 Municipal Bond ETF has a fifty-two week low of $20.57 and a fifty-two week high of $22.80.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 19th were issued a $0.051 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 2.76%.

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.