Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Sees Significant Increase in Short Interest

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 13,700 shares, a growth of 121.0% from the November 15th total of 6,200 shares. Based on an average trading volume of 21,700 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Invesco BulletShares 2031 Municipal Bond ETF

Large investors have recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. increased its stake in Invesco BulletShares 2031 Municipal Bond ETF by 82.2% during the second quarter. First Command Advisory Services Inc. now owns 3,887 shares of the company’s stock worth $81,000 after acquiring an additional 1,754 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in Invesco BulletShares 2031 Municipal Bond ETF during the second quarter worth approximately $152,000. Northwestern Mutual Wealth Management Co. increased its stake in Invesco BulletShares 2031 Municipal Bond ETF by 22.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,627 shares of the company’s stock worth $223,000 after acquiring an additional 1,982 shares during the last quarter. Avior Wealth Management LLC bought a new position in shares of Invesco BulletShares 2031 Municipal Bond ETF during the third quarter valued at approximately $245,000. Finally, Asset Dedication LLC grew its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 14.5% during the second quarter. Asset Dedication LLC now owns 12,445 shares of the company’s stock valued at $261,000 after buying an additional 1,577 shares during the last quarter.

Invesco BulletShares 2031 Municipal Bond ETF Price Performance

Shares of NASDAQ BSMV opened at $21.11 on Friday. The business’s 50 day moving average is $21.13 and its two-hundred day moving average is $21.14. Invesco BulletShares 2031 Municipal Bond ETF has a 1-year low of $20.69 and a 1-year high of $21.73.

Invesco BulletShares 2031 Municipal Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 18th were paid a dividend of $0.0545 per share. The ex-dividend date was Monday, November 18th.

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.