Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Short Interest Up 50.0% in October

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 15,600 shares, a growth of 50.0% from the October 15th total of 10,400 shares. Based on an average trading volume of 31,500 shares, the short-interest ratio is presently 0.5 days.

Invesco BulletShares 2030 Municipal Bond ETF Trading Up 0.4 %

Shares of NASDAQ BSMU traded up $0.09 during trading on Friday, reaching $21.95. The company had a trading volume of 11,250 shares, compared to its average volume of 28,785. The company’s fifty day moving average price is $22.01 and its 200-day moving average price is $21.94. Invesco BulletShares 2030 Municipal Bond ETF has a 12 month low of $21.39 and a 12 month high of $22.80.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were paid a dividend of $0.055 per share. This is an increase from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a $0.66 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Monday, October 21st.

Institutional Trading of Invesco BulletShares 2030 Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Astoria Portfolio Advisors LLC. bought a new position in Invesco BulletShares 2030 Municipal Bond ETF during the second quarter valued at $212,000. Sterling Financial Group Inc. raised its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 18.5% in the second quarter. Sterling Financial Group Inc. now owns 21,146 shares of the company’s stock worth $460,000 after buying an additional 3,300 shares in the last quarter. Bill Few Associates Inc. purchased a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the second quarter valued at about $201,000. MONECO Advisors LLC purchased a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the second quarter valued at about $487,000. Finally, Hobbs Group Advisors LLC purchased a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the second quarter valued at about $327,000.

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.