Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Sees Large Decrease in Short Interest

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 4,600 shares, a decline of 59.6% from the February 13th total of 11,400 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 30,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. YANKCOM Partnership purchased a new stake in Invesco BulletShares 2031 Municipal Bond ETF during the 4th quarter worth approximately $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 worth $96,000 after purchasing an additional 681 shares in the last quarter. Principal Securities Inc. acquired a new position in Invesco BulletShares 2031 Municipal Bond ETF in the 4th quarter valued at $99,000. Collier Financial purchased a new position in Invesco BulletShares 2031 Municipal Bond ETF in the 4th quarter valued at $116,000. Finally, Global Financial Private Client LLC acquired a new stake in Invesco BulletShares 2031 Municipal Bond ETF during the 4th quarter worth $129,000.

Invesco BulletShares 2031 Municipal Bond ETF Stock Performance

NASDAQ:BSMV opened at $20.78 on Friday. Invesco BulletShares 2031 Municipal Bond ETF has a fifty-two week low of $20.69 and a fifty-two week high of $21.49. The company has a fifty day moving average of $20.95 and a two-hundred day moving average of $21.08.

Invesco BulletShares 2031 Municipal Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were given a dividend of $0.0496 per share. The ex-dividend date was Monday, February 24th.

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.