Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Shares Shorted: Short Interest Down 66.4% in October

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 65,043 shares, a decrease of 66.4% from the September 30th total of 193,656 shares. Based on an average daily trading volume, of 97,618 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.0% of the company’s shares are short sold.

Invesco BulletShares 2034 Municipal Bond ETF Stock Up 0.2%

Shares of NASDAQ BSMY traded up $0.05 during midday trading on Friday, hitting $23.63. The stock had a trading volume of 62,710 shares, compared to its average volume of 32,233. The company’s 50-day simple moving average is $23.31 and its 200 day simple moving average is $24.21. 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 Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were issued a $0.0723 dividend. This is a negative change from Invesco BulletShares 2034 Municipal Bond ETF’s previous monthly dividend of $0.0741. This represents a $0.87 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, October 19th.

Institutional Trading of Invesco BulletShares 2034 Municipal Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSMY. Confluence Investment Management LLC bought a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF during the third quarter worth approximately $5,638,000. Wedmont Private Capital bought a new position in Invesco BulletShares 2034 Municipal Bond ETF in the second quarter valued at approximately $599,000. Bank of America Corp DE boosted its stake in Invesco BulletShares 2034 Municipal Bond ETF by 97.1% in the first quarter. Bank of America Corp DE now owns 116,015 shares of the company’s stock valued at $2,814,000 after acquiring an additional 57,159 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Invesco BulletShares 2034 Municipal Bond ETF during the 2nd quarter worth $323,000. Finally, IFP Advisors Inc grew its holdings in Invesco BulletShares 2034 Municipal Bond ETF by 12.9% during the 2nd quarter. IFP Advisors Inc now owns 3,950 shares of the company’s stock worth $97,000 after acquiring an additional 450 shares during the period.

About Invesco BulletShares 2034 Municipal Bond ETF

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.