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

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,169 shares, an increase of 40.5% from the February 26th total of 5,102 shares. Based on an average trading volume of 16,155 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Invesco BulletShares 2034 Municipal Bond ETF Price Performance

Shares of NASDAQ BSMY opened at $24.10 on Monday. Invesco BulletShares 2034 Municipal Bond ETF has a 1-year low of $22.61 and a 1-year high of $25.02. The company has a fifty day moving average price of $24.70 and a 200 day moving average price of $24.62.

Invesco BulletShares 2034 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.0744 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. This is a positive change from Invesco BulletShares 2034 Municipal Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BSMY. Osaic Holdings Inc. raised its position in Invesco BulletShares 2034 Municipal Bond ETF by 44.4% in the 2nd 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. IFP Advisors Inc acquired a new position in Invesco BulletShares 2034 Municipal Bond ETF during the 4th quarter worth approximately $86,000. Key Financial Inc acquired a new position in Invesco BulletShares 2034 Municipal Bond ETF during the 3rd quarter worth approximately $115,000. First Command Advisory Services Inc. grew its stake in shares of Invesco BulletShares 2034 Municipal Bond ETF by 30.1% during the 3rd quarter. First Command Advisory Services Inc. now owns 5,116 shares of the company’s stock worth $124,000 after acquiring an additional 1,184 shares in the last quarter. Finally, ORG Partners LLC bought a new position in shares of Invesco BulletShares 2034 Municipal Bond ETF during the 3rd quarter worth approximately $141,000.

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.