Short Interest in Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Rises By 165.5%

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 29,975 shares, a growth of 165.5% from the June 30th total of 11,288 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 18,580 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new position in Invesco BulletShares 2034 Municipal Bond ETF in the fourth quarter valued at approximately $3,360,000. Nestegg Advisors Inc. acquired a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF during the fourth quarter worth $1,397,000. BCS Wealth Management bought a new stake in Invesco BulletShares 2034 Municipal Bond ETF in the 4th quarter valued at $8,978,000. Sequoia Financial Advisors LLC bought a new stake in Invesco BulletShares 2034 Municipal Bond ETF in the 4th quarter valued at $764,000. Finally, Hills Bank & Trust Co increased its holdings in Invesco BulletShares 2034 Municipal Bond ETF by 211.8% during the 4th quarter. Hills Bank & Trust Co now owns 105,994 shares of the company’s stock worth $2,605,000 after purchasing an additional 72,003 shares in the last quarter.

Invesco BulletShares 2034 Municipal Bond ETF Stock Up 0.0%

Shares of NASDAQ BSMY traded up $0.01 during mid-day trading on Wednesday, hitting $24.01. The company’s stock had a trading volume of 2,392 shares, compared to its average volume of 25,436. Invesco BulletShares 2034 Municipal Bond ETF has a one year low of $23.47 and a one year high of $25.02. The company’s fifty day simple moving average is $24.47 and its 200-day simple moving average is $24.57.

Invesco BulletShares 2034 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were issued a dividend of $0.0754 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a c) dividend on an annualized basis and a yield of 3.8%. This is a boost from Invesco BulletShares 2034 Municipal Bond ETF’s previous monthly dividend of $0.07.

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.