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

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 16,630 shares, a decrease of 70.5% from the December 31st total of 56,434 shares. Based on an average trading volume of 25,906 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 25,906 shares, the days-to-cover ratio is presently 0.6 days.

Invesco BulletShares 2034 Municipal Bond ETF Price Performance

Shares of NASDAQ:BSMY opened at $24.73 on Thursday. Invesco BulletShares 2034 Municipal Bond ETF has a 1-year low of $22.61 and a 1-year high of $24.95. The business has a 50-day moving average price of $24.65 and a two-hundred day moving average price of $24.31.

Invesco BulletShares 2034 Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a $0.0709 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 3.4%.

Institutional Trading of Invesco BulletShares 2034 Municipal Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in BSMY. Osaic Holdings Inc. lifted its stake in shares of Invesco BulletShares 2034 Municipal Bond ETF by 44.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,340 shares of the company’s stock valued at $55,000 after purchasing an additional 720 shares during the period. First Command Advisory Services Inc. increased its holdings in Invesco BulletShares 2034 Municipal Bond ETF by 88.5% in the second quarter. First Command Advisory Services Inc. now owns 3,932 shares of the company’s stock valued at $93,000 after purchasing an additional 1,846 shares during the last quarter. Key Financial Inc bought a new stake in Invesco BulletShares 2034 Municipal Bond ETF in the third quarter valued at about $115,000. ORG Partners LLC acquired a new position in Invesco BulletShares 2034 Municipal Bond ETF in the third quarter valued at about $141,000. Finally, United Capital Financial Advisors LLC acquired a new position in Invesco BulletShares 2034 Municipal Bond ETF in the third quarter valued at about $236,000.

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.