Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Short Interest Down 11.8% in March

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 29,800 shares, a decline of 11.8% from the March 15th total of 33,800 shares. Based on an average trading volume of 16,600 shares, the days-to-cover ratio is presently 1.8 days.

Invesco BulletShares 2031 Municipal Bond ETF Trading Down 0.3 %

Shares of NASDAQ:BSMV traded down $0.05 during trading on Tuesday, reaching $21.02. The stock had a trading volume of 34,102 shares, compared to its average volume of 17,144. The firm’s fifty day moving average is $21.36 and its 200 day moving average is $21.04. Invesco BulletShares 2031 Municipal Bond ETF has a 52 week low of $19.68 and a 52 week high of $21.73.

Invesco BulletShares 2031 Municipal Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, March 18th.

Institutional Investors Weigh In On Invesco BulletShares 2031 Municipal Bond ETF

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE bought a new position in Invesco BulletShares 2031 Municipal Bond ETF during the first quarter worth $51,000. Asset Dedication LLC boosted its stake in Invesco BulletShares 2031 Municipal Bond ETF by 106.4% during the second quarter. Asset Dedication LLC now owns 2,601 shares of the company’s stock worth $54,000 after acquiring an additional 1,341 shares in the last quarter. UBS Group AG boosted its stake in Invesco BulletShares 2031 Municipal Bond ETF by 1,204.7% during the third quarter. UBS Group AG now owns 2,805 shares of the company’s stock worth $55,000 after acquiring an additional 2,590 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in Invesco BulletShares 2031 Municipal Bond ETF during the fourth quarter worth $105,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Invesco BulletShares 2031 Municipal Bond ETF during the fourth quarter worth $105,000.

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.