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

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

Invesco BulletShares 2034 Municipal Bond ETF Price Performance

NASDAQ:BSMY traded down $0.10 on Tuesday, hitting $24.00. The company had a trading volume of 44,610 shares, compared to its average volume of 25,392. Invesco BulletShares 2034 Municipal Bond ETF has a 52 week low of $23.47 and a 52 week high of $25.02. The firm has a 50 day moving average of $24.47 and a two-hundred day moving average of $24.57.

Invesco BulletShares 2034 Municipal Bond ETF Increases Dividend

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

Hedge Funds Weigh In On Invesco BulletShares 2034 Municipal Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of BSMY. MML Investors Services LLC raised its position in Invesco BulletShares 2034 Municipal Bond ETF by 5.2% in the fourth quarter. MML Investors Services LLC now owns 12,248 shares of the company’s stock valued at $301,000 after purchasing an additional 601 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Invesco BulletShares 2034 Municipal Bond ETF by 44.4% during the second quarter. Osaic Holdings Inc. now owns 2,340 shares of the company’s stock worth $55,000 after purchasing an additional 720 shares during the last quarter. Asset Dedication LLC grew its holdings in shares of Invesco BulletShares 2034 Municipal Bond ETF by 6.0% during the fourth quarter. Asset Dedication LLC now owns 21,123 shares of the company’s stock worth $519,000 after purchasing an additional 1,193 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Invesco BulletShares 2034 Municipal Bond ETF by 19.9% in the fourth quarter. Royal Bank of Canada now owns 8,022 shares of the company’s stock valued at $197,000 after buying an additional 1,331 shares during the period. Finally, Fifth Third Bancorp acquired a new position in shares of Invesco BulletShares 2034 Municipal Bond ETF in the first quarter valued at approximately $40,000.

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.