Short Interest in Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Rises By 79.8%

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 9,073 shares, an increase of 79.8% from the August 15th total of 5,045 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 24,717 shares, the days-to-cover ratio is presently 0.4 days.

Invesco BulletShares 2034 Municipal Bond ETF Trading Up 0.1%

Shares of BSMY traded up $0.03 during midday trading on Wednesday, hitting $23.35. 8,876 shares of the stock were exchanged, compared to its average volume of 25,447. Invesco BulletShares 2034 Municipal Bond ETF has a 52-week low of $23.28 and a 52-week high of $25.02. The stock has a fifty day simple moving average of $24.02 and a 200 day simple moving average of $24.34.

Invesco BulletShares 2034 Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a $0.0736 dividend. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 24th.

Institutional Trading of Invesco BulletShares 2034 Municipal Bond ETF

Several hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new stake in Invesco BulletShares 2034 Municipal Bond ETF during the 1st quarter worth approximately $40,000. Integrated Wealth Concepts LLC purchased a new position in Invesco BulletShares 2034 Municipal Bond ETF in the 2nd quarter valued at approximately $50,000. IFP Advisors Inc purchased a new position in Invesco BulletShares 2034 Municipal Bond ETF in the 4th quarter valued at approximately $86,000. Ascentis Independent Advisors acquired a new position in shares of Invesco BulletShares 2034 Municipal Bond ETF in the first quarter worth $141,000. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of Invesco BulletShares 2034 Municipal Bond ETF in the fourth quarter worth $210,000.

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.