Short Interest in Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Decreases By 52.9%

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 14,123 shares, a decline of 52.9% from the July 15th total of 29,975 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 27,131 shares, the short-interest ratio is currently 0.5 days.

Invesco BulletShares 2034 Municipal Bond ETF Stock Performance

BSMY stock traded down $0.02 during trading hours on Friday, reaching $24.20. The stock had a trading volume of 26,827 shares, compared to its average volume of 25,384. The stock has a 50-day simple moving average of $24.40 and a 200 day simple moving average of $24.51. Invesco BulletShares 2034 Municipal Bond ETF has a fifty-two week low of $23.55 and a fifty-two week high of $25.02.

Invesco BulletShares 2034 Municipal Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were issued a $0.0754 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, July 20th. This is a positive change from Invesco BulletShares 2034 Municipal Bond ETF’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On Invesco BulletShares 2034 Municipal Bond ETF

Several hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in Invesco BulletShares 2034 Municipal Bond ETF during the first quarter worth about $2,478,000. Raymond James Financial Inc. raised its stake in 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 buying an additional 236,180 shares during the period. Bank of America Corp DE lifted its position 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 buying an additional 8,177 shares during the last quarter. Osaic Holdings Inc. lifted its position 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 buying an additional 720 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Invesco BulletShares 2034 Municipal Bond ETF by 25.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,780 shares of the company’s stock worth $579,000 after acquiring an additional 4,842 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.