Invesco BulletShares 2024 Municipal Bond ETF (NASDAQ:BSMO) Sees Large Growth in Short Interest

Invesco BulletShares 2024 Municipal Bond ETF (NASDAQ:BSMO) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 2,800 shares, a growth of 2,700.0% from the July 15th total of 100 shares. Based on an average daily trading volume, of 30,300 shares, the days-to-cover ratio is currently 0.1 days.

Invesco BulletShares 2024 Municipal Bond ETF Trading Down 0.1 %

Shares of NASDAQ BSMO traded down $0.02 during midday trading on Monday, hitting $24.87. The stock had a trading volume of 23,647 shares, compared to its average volume of 39,048. The business’s 50 day moving average is $24.82 and its 200-day moving average is $24.80. Invesco BulletShares 2024 Municipal Bond ETF has a 52 week low of $24.54 and a 52 week high of $24.98.

Invesco BulletShares 2024 Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 22nd were issued a $0.053 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Monday, July 22nd.

Institutional Trading of Invesco BulletShares 2024 Municipal Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Koss Olinger Consulting LLC bought a new position in shares of Invesco BulletShares 2024 Municipal Bond ETF in the 2nd quarter worth approximately $349,000. Addison Advisors LLC grew its position in shares of Invesco BulletShares 2024 Municipal Bond ETF by 13.8% during the 2nd quarter. Addison Advisors LLC now owns 6,570 shares of the company’s stock valued at $163,000 after acquiring an additional 795 shares during the period. Dover Advisors LLC raised its holdings in Invesco BulletShares 2024 Municipal Bond ETF by 1.8% in the 2nd quarter. Dover Advisors LLC now owns 22,418 shares of the company’s stock worth $556,000 after purchasing an additional 404 shares during the period. Farther Finance Advisors LLC increased its position in Invesco BulletShares 2024 Municipal Bond ETF by 9.5% in the second quarter. Farther Finance Advisors LLC now owns 20,280 shares of the company’s stock worth $503,000 after buying an additional 1,767 shares in the last quarter. Finally, AlphaStar Capital Management LLC raised its stake in shares of Invesco BulletShares 2024 Municipal Bond ETF by 22.0% in the second quarter. AlphaStar Capital Management LLC now owns 39,287 shares of the company’s stock worth $975,000 after buying an additional 7,077 shares during the period.

Invesco BulletShares 2024 Municipal Bond ETF Company Profile

The Invesco BulletShares 2024 Municipal Bond ETF (BSMO) 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 2024. BSMO was launched on Sep 25, 2019 and is managed by Invesco.