Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 17,019 shares, a decline of 66.9% from the September 30th total of 51,461 shares. Based on an average daily trading volume, of 135,139 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Confluence Investment Management LLC bought a new stake in Invesco BulletShares 2031 Municipal Bond ETF in the 3rd quarter valued at $5,574,000. Bank of America Corp DE lifted its holdings in Invesco BulletShares 2031 Municipal Bond ETF by 27.8% during the 1st quarter. Bank of America Corp DE now owns 233,434 shares of the company’s stock valued at $4,874,000 after purchasing an additional 50,753 shares during the last quarter. Precedent Wealth Partners LLC boosted its position in Invesco BulletShares 2031 Municipal Bond ETF by 12.7% during the third quarter. Precedent Wealth Partners LLC now owns 243,388 shares of the company’s stock worth $4,841,000 after purchasing an additional 27,358 shares during the period. Avior Wealth Management LLC bought a new position in Invesco BulletShares 2031 Municipal Bond ETF during the third quarter worth $3,157,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Invesco BulletShares 2031 Municipal Bond ETF by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 147,684 shares of the company’s stock valued at $3,099,000 after purchasing an additional 6,048 shares during the last quarter.
Invesco BulletShares 2031 Municipal Bond ETF Price Performance
BSMV stock traded down $0.03 during trading hours on Thursday, reaching $20.37. 73,738 shares of the stock were exchanged, compared to its average volume of 56,896. The firm’s 50-day moving average is $20.30 and its 200-day moving average is $20.86. Invesco BulletShares 2031 Municipal Bond ETF has a 12 month low of $19.67 and a 12 month high of $21.53.
Invesco BulletShares 2031 Municipal Bond ETF Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were issued a $0.0505 dividend. This represents a $0.61 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, October 19th. This is a drop from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.0508.
About Invesco BulletShares 2031 Municipal Bond ETF
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.
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