Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 65,043 shares, a decrease of 66.4% from the September 30th total of 193,656 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 97,618 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Trading of Invesco BulletShares 2034 Municipal Bond ETF
Large investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. bought a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF during the 3rd quarter valued at $2,333,000. Precedent Wealth Partners LLC raised its holdings in Invesco BulletShares 2034 Municipal Bond ETF by 32.3% in the 3rd quarter. Precedent Wealth Partners LLC now owns 45,226 shares of the company’s stock worth $1,028,000 after purchasing an additional 11,052 shares during the period. Legacy Private Trust Co. bought a new position in Invesco BulletShares 2034 Municipal Bond ETF in the 3rd quarter worth $208,000. Confluence Investment Management LLC bought a new position in Invesco BulletShares 2034 Municipal Bond ETF in the 3rd quarter worth $5,638,000. Finally, Envestnet Asset Management Inc. raised its holdings in Invesco BulletShares 2034 Municipal Bond ETF by 8.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 39,382 shares of the company’s stock worth $971,000 after purchasing an additional 3,139 shares during the period.
Invesco BulletShares 2034 Municipal Bond ETF Stock Up 0.3%
NASDAQ:BSMY traded up $0.08 on Thursday, reaching $23.58. 57,631 shares of the stock traded hands, compared to its average volume of 32,086. The company’s fifty day simple moving average is $23.33 and its 200 day simple moving average is $24.22. Invesco BulletShares 2034 Municipal Bond ETF has a 12 month low of $22.40 and a 12 month high of $25.02.
Invesco BulletShares 2034 Municipal Bond ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were issued a $0.0723 dividend. This is a negative change from Invesco BulletShares 2034 Municipal Bond ETF’s previous monthly dividend of $0.0741. This represents a $0.87 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, October 19th.
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.
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