Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Sees Large Increase in Short Interest

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 45,000 shares, an increase of 91.5% from the December 31st total of 23,500 shares. Based on an average trading volume of 46,700 shares, the short-interest ratio is currently 1.0 days.

Invesco BulletShares 2030 Municipal Bond ETF Trading Down 0.0 %

Invesco BulletShares 2030 Municipal Bond ETF stock traded down $0.01 on Wednesday, hitting $21.79. The company’s stock had a trading volume of 9,017 shares, compared to its average volume of 44,872. The company has a fifty day moving average price of $21.87 and a 200-day moving average price of $21.95. Invesco BulletShares 2030 Municipal Bond ETF has a one year low of $21.51 and a one year high of $22.47.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were paid a dividend of $0.0506 per share. The ex-dividend date was Tuesday, January 21st.

Institutional Investors Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of hedge funds have recently made changes to their positions in the company. Collier Financial bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the fourth quarter valued at about $115,000. Crews Bank & Trust bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the fourth quarter worth about $198,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the fourth quarter worth approximately $199,000. Arlington Capital Management Inc. bought a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the third quarter valued at approximately $204,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 25.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,042 shares of the company’s stock valued at $219,000 after purchasing an additional 2,047 shares in the last quarter.

Invesco BulletShares 2030 Municipal Bond ETF Company Profile

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.