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

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the recipient of a significant increase in short interest in 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 daily trading volume, of 16,155 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Invesco BulletShares 2034 Municipal Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in BSMY. Jane Street Group LLC purchased a new position in shares of Invesco BulletShares 2034 Municipal Bond ETF during the 1st quarter worth $2,478,000. Raymond James Financial Inc. grew its position in shares of 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 purchasing an additional 236,180 shares during the period. Bank of America Corp DE increased its stake in 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 purchasing an additional 8,177 shares during the last quarter. Envision Financial Planning LLC increased its stake in Invesco BulletShares 2034 Municipal Bond ETF by 114.9% in the second quarter. Envision Financial Planning LLC now owns 18,920 shares of the company’s stock valued at $449,000 after purchasing an additional 10,114 shares during the last quarter. Finally, Asset Dedication LLC lifted its position in Invesco BulletShares 2034 Municipal Bond ETF by 11,044.7% during the second quarter. Asset Dedication LLC now owns 15,714 shares of the company’s stock worth $373,000 after buying an additional 15,573 shares during the period.

Invesco BulletShares 2034 Municipal Bond ETF Stock Performance

Shares of BSMY opened at $24.10 on Friday. The firm’s 50-day moving average is $24.70 and its two-hundred day moving average is $24.62. Invesco BulletShares 2034 Municipal Bond ETF has a twelve month low of $22.61 and a twelve month high of $25.02.

Invesco BulletShares 2034 Municipal Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.0744 per share. The ex-dividend date was Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 3.7%. This is an increase from Invesco BulletShares 2034 Municipal Bond ETF’s previous monthly dividend of $0.07.

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.