Short Interest in Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Grows By 321.7%

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 41,890 shares, a growth of 321.7% from the May 31st total of 9,934 shares. Based on an average daily trading volume, of 14,697 shares, the short-interest ratio is presently 2.9 days. Approximately 0.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Fifth Third Bancorp acquired a new position in shares of Invesco BulletShares 2034 Municipal Bond ETF during the 1st quarter worth approximately $40,000. Osaic Holdings Inc. grew its holdings in Invesco BulletShares 2034 Municipal Bond ETF by 44.4% during the 2nd quarter. Osaic Holdings Inc. now owns 2,340 shares of the company’s stock valued at $55,000 after buying an additional 720 shares during the last quarter. IFP Advisors Inc acquired a new stake in Invesco BulletShares 2034 Municipal Bond ETF during the 4th quarter valued at $86,000. Ascentis Independent Advisors purchased a new position in Invesco BulletShares 2034 Municipal Bond ETF during the first quarter worth $141,000. Finally, Royal Bank of Canada raised its holdings 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 worth $197,000 after acquiring an additional 1,331 shares during the last quarter.

Invesco BulletShares 2034 Municipal Bond ETF Stock Performance

NASDAQ:BSMY traded up $0.01 during midday trading on Friday, reaching $24.62. The stock had a trading volume of 23,387 shares, compared to its average volume of 26,215. The firm has a fifty day simple moving average of $24.50 and a two-hundred day simple moving average of $24.59. Invesco BulletShares 2034 Municipal Bond ETF has a 12-month low of $23.41 and a 12-month high of $25.02.

Invesco BulletShares 2034 Municipal Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.0729 dividend. The ex-dividend date was Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

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.