Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Sees Significant Growth in Short Interest

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 19,576 shares, an increase of 127.5% from the April 15th total of 8,606 shares. Based on an average trading volume of 90,995 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

Invesco BulletShares 2034 Municipal Bond ETF Stock Performance

Shares of NASDAQ BSMY opened at $24.29 on Friday. Invesco BulletShares 2034 Municipal Bond ETF has a 52-week low of $23.41 and a 52-week high of $25.02. The firm has a 50 day moving average price of $24.48 and a two-hundred day moving average price of $24.63.

Invesco BulletShares 2034 Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 20th were given a $0.0758 dividend. This is an increase from Invesco BulletShares 2034 Municipal Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, April 20th. This represents a c) annualized dividend and a yield of 3.7%.

Hedge Funds Weigh In On Invesco BulletShares 2034 Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new position in Invesco BulletShares 2034 Municipal Bond ETF in the 1st quarter valued at approximately $40,000. Osaic Holdings Inc. raised 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 worth $55,000 after purchasing an additional 720 shares during the last quarter. IFP Advisors Inc bought a new position in Invesco BulletShares 2034 Municipal Bond ETF during the 4th quarter worth approximately $86,000. Key Financial Inc bought a new position in Invesco BulletShares 2034 Municipal Bond ETF during the 3rd quarter worth approximately $115,000. Finally, First Command Advisory Services Inc. raised its holdings in Invesco BulletShares 2034 Municipal Bond ETF by 30.1% during the 3rd quarter. First Command Advisory Services Inc. now owns 5,116 shares of the company’s stock worth $124,000 after purchasing an additional 1,184 shares during the last quarter.

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.