Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Short Interest Down 71.4% in October

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 4,400 shares, a drop of 71.4% from the September 30th total of 15,400 shares. Based on an average daily volume of 21,000 shares, the short-interest ratio is currently 0.2 days.

Invesco BulletShares 2031 Municipal Bond ETF Price Performance

Shares of BSMV stock traded up $0.04 during trading hours on Friday, hitting $20.97. 3,795 shares of the company’s stock traded hands, compared to its average volume of 19,566. The stock’s fifty day simple moving average is $21.24 and its two-hundred day simple moving average is $21.12. Invesco BulletShares 2031 Municipal Bond ETF has a 12-month low of $19.68 and a 12-month high of $21.73.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Key Financial Inc boosted its stake in Invesco BulletShares 2031 Municipal Bond ETF by 29.4% in the 2nd quarter. Key Financial Inc now owns 114,364 shares of the company’s stock worth $2,397,000 after purchasing an additional 25,975 shares in the last quarter. MONECO Advisors LLC purchased a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF during the third quarter valued at approximately $513,000. Envision Financial Planning LLC increased its position in shares of Invesco BulletShares 2031 Municipal Bond ETF by 9.5% during the first quarter. Envision Financial Planning LLC now owns 183,976 shares of the company’s stock valued at $3,921,000 after acquiring an additional 15,984 shares in the last quarter. Precedent Wealth Partners LLC raised its holdings in 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 worth $1,513,000 after acquiring an additional 13,419 shares during the last quarter. Finally, Bill Few Associates Inc. bought a new position in Invesco BulletShares 2031 Municipal Bond ETF in the 2nd quarter valued at approximately $201,000.

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.