The short interest in the Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ: BSMU) experienced a remarkable increase of 249.3% in December 2023. As of December 15, the total short interest reached 37,606 shares, up from 10,765 shares reported at the end of November. This surge in short selling indicates that approximately 0.4% of the ETF’s total shares are currently short sold.
Given the average daily trading volume of 36,768 shares, the short-interest ratio stands at 1.0 days. This suggests that it would take about a day for short sellers to cover their positions based on recent trading patterns.
Institutional Investments Highlight Changing Dynamics
Recent movements from institutional investors further underscore the evolving landscape for the Invesco BulletShares 2030 ETF. For instance, Farther Finance Advisors LLC acquired a new stake in the ETF during the second quarter, valued at approximately $34,000. Similarly, NewEdge Advisors LLC entered the market in the first quarter with an investment of $56,000.
Additionally, Painted Porch Advisors LLC purchased a new position in the ETF worth about $85,000 in the third quarter. First Command Advisory Services Inc. increased its stake by 28.3% during the same period, now owning 5,035 shares valued at around $108,000. Finally, ORG Partners LLC established a new stake worth $140,000 in the third quarter.
Current Trading Activity and Performance Metrics
On December 15, shares of the Invesco BulletShares 2030 ETF traded down by $0.01, reaching a price of $22.00 during midday trading. The trading volume for the day was 83,943 shares, surpassing the ETF’s average volume of 47,822 shares. Over the past year, the ETF has seen a low of $20.59 and a high of $22.12. Its fifty-day moving average price is currently $22.01, while the 200-day moving average stands at $21.81.
The Invesco BulletShares 2030 Municipal Bond ETF, which primarily invests in investment-grade fixed-income securities, aims to track a market-value-weighted index of AMT-Free municipal bonds. Launched on September 16, 2020, the fund’s strategy is geared towards bonds maturing by the end of 2030.
This significant rise in short interest, alongside notable institutional investments, highlights the changing dynamics surrounding the Invesco BulletShares 2030 Municipal Bond ETF, making it a key focus for investors and analysts alike.
