Short Interest in Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Decreases By 52.9%

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 14,123 shares, a decrease of 52.9% from the July 15th total of 29,975 shares. Based on an average trading volume of 27,131 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BSMY. Fifth Third Bancorp bought a new position in Invesco BulletShares 2034 Municipal Bond ETF in the 1st quarter valued at about $40,000. Osaic Holdings Inc. increased its stake 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 period. IFP Advisors Inc bought a new position in shares of Invesco BulletShares 2034 Municipal Bond ETF during the fourth quarter worth approximately $86,000. Ascentis Independent Advisors acquired a new stake in Invesco BulletShares 2034 Municipal Bond ETF during the 1st quarter worth approximately $141,000. Finally, Royal Bank of Canada lifted its holdings in Invesco BulletShares 2034 Municipal Bond ETF by 19.9% during the 4th quarter. Royal Bank of Canada now owns 8,022 shares of the company’s stock worth $197,000 after purchasing an additional 1,331 shares during the last quarter.

Invesco BulletShares 2034 Municipal Bond ETF Trading Down 0.1%

BSMY stock traded down $0.02 during midday trading on Friday, reaching $24.20. 26,827 shares of the company were exchanged, compared to its average volume of 25,384. The business has a 50-day moving average price of $24.40 and a two-hundred day moving average price of $24.51. Invesco BulletShares 2034 Municipal Bond ETF has a one year low of $23.55 and a one year high of $25.02.

Invesco BulletShares 2034 Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were paid a dividend of $0.0754 per share. The ex-dividend date was Monday, July 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. This is a boost from Invesco BulletShares 2034 Municipal Bond ETF’s previous monthly dividend of $0.07.

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.