Short Interest in Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Decreases By 31.9%

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 30,800 shares, a decrease of 31.9% from the May 31st total of 45,200 shares. Based on an average trading volume of 17,300 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Investors Weigh In On Invesco BulletShares 2031 Municipal Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. bought a new stake in Invesco BulletShares 2031 Municipal Bond ETF in the first quarter valued at about $45,000. Commonwealth Equity Services LLC increased its holdings in Invesco BulletShares 2031 Municipal Bond ETF by 9.9% in the first quarter. Commonwealth Equity Services LLC now owns 27,631 shares of the company’s stock valued at $589,000 after purchasing an additional 2,496 shares during the last quarter. CGN Advisors LLC increased its holdings in Invesco BulletShares 2031 Municipal Bond ETF by 5.5% in the fourth quarter. CGN Advisors LLC now owns 104,308 shares of the company’s stock valued at $2,257,000 after purchasing an additional 5,455 shares during the last quarter. Valicenti Advisory Services Inc. bought a new stake in Invesco BulletShares 2031 Municipal Bond ETF in the fourth quarter valued at about $201,000. Finally, Envision Financial Planning LLC increased its holdings in Invesco BulletShares 2031 Municipal Bond ETF by 6.1% in the fourth quarter. Envision Financial Planning LLC now owns 167,992 shares of the company’s stock valued at $3,635,000 after purchasing an additional 9,585 shares during the last quarter.

Invesco BulletShares 2031 Municipal Bond ETF Trading Down 0.1 %

Shares of BSMV traded down $0.03 during trading hours on Friday, hitting $20.96. 7,600 shares of the stock traded hands, compared to its average volume of 16,785. Invesco BulletShares 2031 Municipal Bond ETF has a 1-year low of $19.68 and a 1-year high of $21.73. The business has a fifty day moving average of $21.02 and a 200-day moving average of $21.28.

Invesco BulletShares 2031 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a dividend of $0.0556 per share. This represents a $0.67 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Monday, June 24th. This is a positive change from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.05.

Invesco BulletShares 2031 Municipal Bond ETF Company Profile

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.