Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Short Interest Up 3,500.0% in May

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU – Get Rating) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 3,600 shares, a growth of 3,500.0% from the April 30th total of 100 shares. Based on an average daily volume of 4,500 shares, the short-interest ratio is currently 0.8 days.

NASDAQ BSMU traded up $0.36 during trading hours on Wednesday, reaching $22.21. 356 shares of the stock traded hands, compared to its average volume of 4,831. The stock has a 50 day simple moving average of $22.41 and a two-hundred day simple moving average of $24.13. Invesco BulletShares 2030 Municipal Bond ETF has a 1 year low of $21.16 and a 1 year high of $26.07.

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 24th will be given a dividend of $0.038 per share. This is an increase from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Monday, May 23rd. This represents a $0.46 dividend on an annualized basis and a yield of 2.05%.

Large investors have recently made changes to their positions in the company. Confluence Investment Management LLC grew its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 109.6% in the first quarter. Confluence Investment Management LLC now owns 175,109 shares of the company’s stock worth $4,059,000 after purchasing an additional 91,550 shares during the last quarter. Invesco Ltd. bought a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the fourth quarter worth about $715,000. FOCUS Wealth Advisors LLC bought a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the first quarter worth about $307,000. Captrust Financial Advisors bought a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the first quarter worth about $260,000. Finally, Royal Bank of Canada grew its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 15.1% in the third quarter. Royal Bank of Canada now owns 73,586 shares of the company’s stock worth $1,864,000 after purchasing an additional 9,681 shares during the last quarter.

Read More

• Get a free copy of the StockNews.com research report on Invesco BulletShares 2030 Municipal Bond ETF (BSMU)
• Short-Covering Begins In Big Lots 
• Agilent Technologies Is Bottoming But Don’t Buy It Yet
• Institutions Ring The Register On Toll Brothers Stock
• Dick’s Sporting Goods Falls Flat On Weak Guidance 
• Investors Can Get 5%-Plus Dividend Yields on These 3 Buys

Want More Great Investing Ideas?