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 during 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 daily volume of 90,995 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Confluence Investment Management LLC raised its holdings in Invesco BulletShares 2034 Municipal Bond ETF by 7.4% during the 4th quarter. Confluence Investment Management LLC now owns 366,347 shares of the company’s stock worth $9,005,000 after purchasing an additional 25,376 shares during the last quarter. BCS Wealth Management acquired a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF during the 4th quarter worth approximately $8,978,000. LPL Financial LLC grew its position in shares of Invesco BulletShares 2034 Municipal Bond ETF by 1.8% during the 4th quarter. LPL Financial LLC now owns 265,983 shares of the company’s stock worth $6,538,000 after buying an additional 4,711 shares during the period. Raymond James Financial Inc. grew its position in shares of Invesco BulletShares 2034 Municipal Bond ETF by 4.8% during the 3rd quarter. Raymond James Financial Inc. now owns 262,979 shares of the company’s stock worth $6,398,000 after buying an additional 11,940 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF during the 4th quarter worth approximately $3,360,000.

Invesco BulletShares 2034 Municipal Bond ETF Stock Performance

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

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.