Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Sees Large Increase 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 March. As of March 13th, there was short interest totaling 7,169 shares, an increase of 40.5% from the February 26th total of 5,102 shares. Based on an average daily volume of 16,155 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Invesco BulletShares 2034 Municipal Bond ETF Stock Performance

Shares of BSMY stock opened at $24.10 on Friday. Invesco BulletShares 2034 Municipal Bond ETF has a fifty-two week low of $22.61 and a fifty-two week high of $25.02. The stock’s fifty day moving average is $24.70 and its two-hundred day moving average is $24.62.

Invesco BulletShares 2034 Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.0744 dividend. This is an increase from Invesco BulletShares 2034 Municipal Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, March 23rd.

Hedge Funds Weigh In On Invesco BulletShares 2034 Municipal Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. MML Investors Services LLC grew its stake in Invesco BulletShares 2034 Municipal Bond ETF by 5.2% during the 4th quarter. MML Investors Services LLC now owns 12,248 shares of the company’s stock valued at $301,000 after acquiring an additional 601 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Invesco BulletShares 2034 Municipal Bond ETF by 44.4% in 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 in the last quarter. First Command Advisory Services Inc. lifted its stake in Invesco BulletShares 2034 Municipal Bond ETF by 30.1% in 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 in the last quarter. Asset Dedication LLC boosted its holdings in shares of Invesco BulletShares 2034 Municipal Bond ETF by 6.0% during the 4th quarter. Asset Dedication LLC now owns 21,123 shares of the company’s stock worth $519,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Invesco BulletShares 2034 Municipal Bond ETF by 19.9% during the 4th quarter. Royal Bank of Canada now owns 8,022 shares of the company’s stock worth $197,000 after purchasing an additional 1,331 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.