Short Interest in Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Declines By 6.8%

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 4,100 shares, a decrease of 6.8% from the October 15th total of 4,400 shares. Based on an average trading volume of 16,200 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Invesco BulletShares 2031 Municipal Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSMV. HighTower Advisors LLC acquired a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF in the third quarter valued at about $1,278,000. Key Financial Inc grew its stake in Invesco BulletShares 2031 Municipal Bond ETF by 29.4% in the second quarter. Key Financial Inc now owns 114,364 shares of the company’s stock valued at $2,397,000 after purchasing an additional 25,975 shares in the last quarter. MONECO Advisors LLC bought a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF during the 3rd quarter worth approximately $513,000. Precedent Wealth Partners LLC boosted its holdings in shares of Invesco BulletShares 2031 Municipal Bond ETF by 23.3% in the 3rd quarter. Precedent Wealth Partners LLC now owns 71,031 shares of the company’s stock valued at $1,513,000 after buying an additional 13,419 shares during the last quarter. Finally, Avior Wealth Management LLC bought a new stake in Invesco BulletShares 2031 Municipal Bond ETF during the third quarter worth $245,000.

Invesco BulletShares 2031 Municipal Bond ETF Stock Up 0.1 %

Shares of BSMV opened at $21.07 on Wednesday. Invesco BulletShares 2031 Municipal Bond ETF has a twelve month low of $20.58 and a twelve month high of $21.73. The company has a 50 day moving average of $21.17 and a 200-day moving average of $21.12.

Invesco BulletShares 2031 Municipal Bond ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 18th will be paid a $0.0545 dividend. The ex-dividend date is 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.