Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 57,224 shares, a growth of 200.2% from the September 30th total of 19,063 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 136,527 shares, the short-interest ratio is currently 0.4 days.
Invesco BulletShares 2030 Municipal Bond ETF Stock Performance
NASDAQ BSMU opened at $21.44 on Friday. Invesco BulletShares 2030 Municipal Bond ETF has a fifty-two week low of $20.56 and a fifty-two week high of $22.31. The stock’s 50-day moving average is $21.25 and its two-hundred day moving average is $21.78.
Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were issued a dividend of $0.0535 per share. This represents a $0.64 annualized dividend and a yield of 3.0%. This is a boost from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.0517. The ex-dividend date was Monday, October 19th.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Financial Solutions Advisory Group Inc. acquired a new position in Invesco BulletShares 2030 Municipal Bond ETF in the 3rd quarter valued at approximately $251,000. WESPAC Advisors LLC bought a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 3rd quarter worth about $239,000. Signaturefd LLC bought a new stake in Invesco BulletShares 2030 Municipal Bond ETF during the third quarter worth about $1,051,000. Virtue Asset Management LLC increased its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 95.5% during the 3rd quarter. Virtue Asset Management LLC now owns 18,140 shares of the company’s stock valued at $379,000 after purchasing an additional 8,862 shares in the last quarter. Finally, Precedent Wealth Partners LLC increased its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 19.9% in the third quarter. Precedent Wealth Partners LLC now owns 239,517 shares of the company’s stock valued at $5,004,000 after buying an additional 39,835 shares in the last quarter.
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.
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