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

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

Hedge Funds Weigh In On Invesco BulletShares 2031 Municipal Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. First Command Advisory Services Inc. lifted its position in shares of 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 purchasing an additional 1,754 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of Invesco BulletShares 2031 Municipal Bond ETF in the second quarter valued at approximately $152,000. Northwestern Mutual Wealth Management Co. increased its stake in Invesco BulletShares 2031 Municipal Bond ETF by 22.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,627 shares of the company’s stock worth $223,000 after buying an additional 1,982 shares during the period. Avior Wealth Management LLC acquired a new stake in Invesco BulletShares 2031 Municipal Bond ETF during the 3rd quarter worth approximately $245,000. Finally, Asset Dedication LLC boosted its position in Invesco BulletShares 2031 Municipal Bond ETF by 14.5% in the 2nd 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 period.

Invesco BulletShares 2031 Municipal Bond ETF Stock Performance

NASDAQ:BSMV opened at $21.11 on Friday. Invesco BulletShares 2031 Municipal Bond ETF has a 52 week low of $20.69 and a 52 week high of $21.73. The stock’s fifty day moving average is $21.13 and its two-hundred day moving average is $21.14.

Invesco BulletShares 2031 Municipal Bond ETF Cuts Dividend

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

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.