Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Short Interest Down 31.2% in June

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 31,800 shares, a decline of 31.2% from the May 31st total of 46,200 shares. Based on an average daily trading volume, of 20,000 shares, the days-to-cover ratio is presently 1.6 days.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

Shares of NASDAQ BSMU traded down $0.04 during mid-day trading on Friday, hitting $21.77. The stock had a trading volume of 12,070 shares, compared to its average volume of 21,222. The company has a 50 day moving average of $21.82 and a two-hundred day moving average of $22.08. Invesco BulletShares 2030 Municipal Bond ETF has a twelve month low of $20.57 and a twelve month high of $22.80.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a $0.0543 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Monday, June 24th.

Institutional Investors Weigh In On Invesco BulletShares 2030 Municipal Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. CGN Advisors LLC raised its position in Invesco BulletShares 2030 Municipal Bond ETF by 5.2% during the 4th quarter. CGN Advisors LLC now owns 100,306 shares of the company’s stock worth $2,249,000 after buying an additional 4,980 shares during the last quarter. Horizons Wealth Management acquired a new position in Invesco BulletShares 2030 Municipal Bond ETF during the fourth quarter valued at $120,000. Valicenti Advisory Services Inc. purchased a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the fourth quarter valued at $201,000. Raymond James & Associates purchased a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 4th quarter valued at about $458,000. Finally, Precedent Wealth Partners LLC acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 4th quarter valued at about $848,000.

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.