Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Stock Short Interest Climbs 2,836.4%

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 193,656 shares, a growth of 2,836.4% from the September 15th total of 6,595 shares. Currently, 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 60,578 shares, the days-to-cover ratio is currently 3.2 days.

Invesco BulletShares 2034 Municipal Bond ETF Stock Performance

Shares of NASDAQ BSMY traded up $0.05 during midday trading on Friday, hitting $22.82. The stock had a trading volume of 75,474 shares, compared to its average volume of 30,018. Invesco BulletShares 2034 Municipal Bond ETF has a 1-year low of $22.40 and a 1-year high of $25.02. The company has a fifty day moving average price of $23.57 and a 200 day moving average price of $24.14.

Invesco BulletShares 2034 Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a $0.0741 dividend. The ex-dividend date of this dividend was Monday, September 21st. This is a positive change from Invesco BulletShares 2034 Municipal Bond ETF’s previous monthly dividend of $0.0736. This represents a $0.89 annualized dividend and a dividend yield of 3.9%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new position in shares of Invesco BulletShares 2034 Municipal Bond ETF in the 1st quarter valued at approximately $40,000. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco BulletShares 2034 Municipal Bond ETF in the 2nd quarter worth approximately $50,000. IFP Advisors Inc raised its position in shares of Invesco BulletShares 2034 Municipal Bond ETF by 12.9% during the 2nd quarter. IFP Advisors Inc now owns 3,950 shares of the company’s stock valued at $97,000 after acquiring an additional 450 shares in the last quarter. Ascentis Independent Advisors acquired a new position in Invesco BulletShares 2034 Municipal Bond ETF in the first quarter worth $141,000. Finally, Legacy Private Trust Co. bought a new stake in Invesco BulletShares 2034 Municipal Bond ETF during the third quarter valued at $208,000.

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.