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 decline in short interest in October. As of October 15th, there was short interest totaling 65,043 shares, a decline of 66.4% from the September 30th total of 193,656 shares. Based on an average daily volume of 97,618 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2034 Municipal Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Confluence Investment Management LLC bought a new stake in Invesco BulletShares 2034 Municipal Bond ETF in the 3rd quarter worth approximately $5,638,000. Bank of America Corp DE boosted its position in shares of Invesco BulletShares 2034 Municipal Bond ETF by 97.1% during the 1st quarter. Bank of America Corp DE now owns 116,015 shares of the company’s stock valued at $2,814,000 after acquiring an additional 57,159 shares during the last quarter. Envision Financial Planning LLC boosted its position in shares of Invesco BulletShares 2034 Municipal Bond ETF by 5.3% during the 1st quarter. Envision Financial Planning LLC now owns 114,993 shares of the company’s stock valued at $2,789,000 after acquiring an additional 5,770 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of Invesco BulletShares 2034 Municipal Bond ETF in the third quarter valued at $2,333,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of Invesco BulletShares 2034 Municipal Bond ETF by 35.4% in the first quarter. Kestra Advisory Services LLC now owns 69,258 shares of the company’s stock valued at $1,680,000 after purchasing an additional 18,104 shares in the last quarter.

Invesco BulletShares 2034 Municipal Bond ETF Stock Performance

Shares of NASDAQ:BSMY traded up $0.08 during trading on Thursday, hitting $23.58. 57,631 shares of the company’s stock were exchanged, compared to its average volume of 32,086. Invesco BulletShares 2034 Municipal Bond ETF has a 52-week low of $22.40 and a 52-week high of $25.02. The business’s 50-day simple moving average is $23.33 and its 200 day simple moving average is $24.22.

Invesco BulletShares 2034 Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were given a $0.0723 dividend. This is a decrease 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 dividend yield of 3.7%. The ex-dividend date 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.