Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Sees Large Growth in Short Interest

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 19,576 shares, a growth of 127.5% from the April 15th total of 8,606 shares. Based on an average daily trading volume, of 90,995 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are short sold.

Invesco BulletShares 2034 Municipal Bond ETF Stock Down 0.8%

Shares of NASDAQ:BSMY traded down $0.19 during trading hours on Friday, hitting $24.29. 24,050 shares of the company’s stock traded hands, compared to its average volume of 28,483. Invesco BulletShares 2034 Municipal Bond ETF has a 1 year low of $23.41 and a 1 year high of $25.02. The business has a fifty day moving average price of $24.48 and a 200-day moving average price of $24.63.

Invesco BulletShares 2034 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 20th were given a dividend of $0.0758 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. This is a boost from Invesco BulletShares 2034 Municipal Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, April 20th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BSMY. Jane Street Group LLC purchased a new position in shares of Invesco BulletShares 2034 Municipal Bond ETF during the first quarter valued at approximately $2,478,000. Raymond James Financial Inc. boosted its holdings in shares of Invesco BulletShares 2034 Municipal Bond ETF by 1,589.5% in the second quarter. Raymond James Financial Inc. now owns 251,039 shares of the company’s stock valued at $5,954,000 after purchasing an additional 236,180 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco BulletShares 2034 Municipal Bond ETF by 114.3% in the second quarter. Bank of America Corp DE now owns 15,332 shares of the company’s stock valued at $364,000 after purchasing an additional 8,177 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Invesco BulletShares 2034 Municipal Bond ETF by 44.4% in the second quarter. Osaic Holdings Inc. now owns 2,340 shares of the company’s stock valued at $55,000 after purchasing an additional 720 shares during the period. Finally, First Command Advisory Services Inc. boosted its holdings in shares of Invesco BulletShares 2034 Municipal Bond ETF by 30.1% in the third quarter. First Command Advisory Services Inc. now owns 5,116 shares of the company’s stock valued at $124,000 after purchasing an additional 1,184 shares during the period.

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.