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

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 13,700 shares, a decline of 22.2% from the January 15th total of 17,600 shares. Based on an average daily volume of 33,600 shares, the days-to-cover ratio is currently 0.4 days.

Invesco BulletShares 2031 Municipal Bond ETF Price Performance

Invesco BulletShares 2031 Municipal Bond ETF stock opened at $21.00 on Friday. The firm has a 50 day simple moving average of $20.97 and a 200-day simple moving average of $21.11. Invesco BulletShares 2031 Municipal Bond ETF has a 1-year low of $20.69 and a 1-year high of $21.59.

Invesco BulletShares 2031 Municipal Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were paid a dividend of $0.0504 per share. This is a boost from Invesco BulletShares 2031 Municipal Bond ETF’s previous dividend of $0.05. The ex-dividend date was Tuesday, January 21st.

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 business. YANKCOM Partnership acquired a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF during the 4th quarter worth about $44,000. First Command Advisory Services Inc. increased its position in shares of Invesco BulletShares 2031 Municipal Bond ETF by 17.5% during the fourth quarter. First Command Advisory Services Inc. now owns 4,568 shares of the company’s stock valued at $96,000 after acquiring an additional 681 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF in the 4th quarter valued at approximately $99,000. Collier Financial acquired a new position in shares of Invesco BulletShares 2031 Municipal Bond ETF in the 4th quarter worth approximately $116,000. Finally, Global Financial Private Client LLC acquired a new position in shares of Invesco BulletShares 2031 Municipal Bond ETF in the 4th quarter worth approximately $129,000.

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.