Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Shares Shorted: Short Interest Up 2,836.4% in September

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 193,656 shares, a growth of 2,836.4% from the September 15th total of 6,595 shares. Based on an average trading volume of 60,578 shares, the short-interest ratio is currently 3.2 days. Approximately 3.1% of the shares of the stock are sold short.

Institutional Trading of Invesco BulletShares 2034 Municipal Bond ETF

A number of hedge funds have recently made changes to their positions in BSMY. Legacy Private Trust Co. bought a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF in the third quarter worth $208,000. Confluence Investment Management LLC acquired a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF in the third quarter valued at approximately $5,638,000. Envestnet Asset Management Inc. raised its stake in Invesco BulletShares 2034 Municipal Bond ETF by 8.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 39,382 shares of the company’s stock valued at $971,000 after acquiring an additional 3,139 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Invesco BulletShares 2034 Municipal Bond ETF in the second quarter worth about $50,000. Finally, NewEdge Advisors LLC bought a new position in shares of Invesco BulletShares 2034 Municipal Bond ETF in the second quarter valued at approximately $323,000.

Invesco BulletShares 2034 Municipal Bond ETF Price Performance

Invesco BulletShares 2034 Municipal Bond ETF stock opened at $22.82 on Friday. The stock’s fifty day moving average is $23.55 and its two-hundred day moving average is $24.13. Invesco BulletShares 2034 Municipal Bond ETF has a fifty-two week low of $22.40 and a fifty-two week high of $25.02.

Invesco BulletShares 2034 Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.0741 dividend. This is a boost from Invesco BulletShares 2034 Municipal Bond ETF’s previous monthly dividend of $0.0736. This represents a $0.89 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, September 21st.

Invesco BulletShares 2034 Municipal Bond ETF Company Profile

The Invesco BulletShares 2034 Municipal Bond ETF (BSMY) 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 2034. BSMY was launched on Sep 11, 2024 and is issued by Invesco.