Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Short Interest Update

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the target of a large 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. Based on an average daily trading volume, of 24,717 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco BulletShares 2034 Municipal Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSMY. Bank of America Corp DE lifted its position in Invesco BulletShares 2034 Municipal Bond ETF by 97.1% in the first quarter. Bank of America Corp DE now owns 116,015 shares of the company’s stock valued at $2,814,000 after buying an additional 57,159 shares during the last quarter. Wedmont Private Capital acquired a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF during the second quarter valued at about $599,000. Royal Bank of Canada increased its position in shares of Invesco BulletShares 2034 Municipal Bond ETF by 76.4% during the first quarter. Royal Bank of Canada now owns 14,151 shares of the company’s stock valued at $343,000 after acquiring an additional 6,129 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF during the first quarter valued at about $40,000. Finally, Envision Financial Planning LLC raised its stake in shares of Invesco BulletShares 2034 Municipal Bond ETF by 5.3% in the 1st quarter. Envision Financial Planning LLC now owns 114,993 shares of the company’s stock valued at $2,789,000 after acquiring an additional 5,770 shares during the period.

Invesco BulletShares 2034 Municipal Bond ETF Stock Up 0.1%

Shares of NASDAQ BSMY traded up $0.03 during midday trading on Wednesday, reaching $23.35. 8,876 shares of the stock were exchanged, compared to its average volume of 25,447. The company has a 50 day simple moving average of $24.02 and a 200 day simple moving average of $24.34. Invesco BulletShares 2034 Municipal Bond ETF has a twelve month low of $23.28 and a twelve month high of $25.02.

Invesco BulletShares 2034 Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Investors 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 was Monday, August 24th.

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.