Short Interest in Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Decreases By 52.9%

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 14,123 shares, a drop of 52.9% from the July 15th total of 29,975 shares. Based on an average daily trading volume, of 27,131 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco BulletShares 2034 Municipal Bond ETF

Large investors have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new position in Invesco BulletShares 2034 Municipal Bond ETF in the 1st quarter valued at $40,000. Osaic Holdings Inc. raised its position 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 buying an additional 720 shares during the last quarter. IFP Advisors Inc purchased a new position in Invesco BulletShares 2034 Municipal Bond ETF during the 4th quarter worth $86,000. Ascentis Independent Advisors acquired a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF in the 1st quarter worth $141,000. Finally, Royal Bank of Canada lifted its stake in shares of Invesco BulletShares 2034 Municipal Bond ETF by 19.9% in the 4th quarter. Royal Bank of Canada now owns 8,022 shares of the company’s stock worth $197,000 after acquiring an additional 1,331 shares during the period.

Invesco BulletShares 2034 Municipal Bond ETF Stock Down 0.1%

BSMY traded down $0.02 on Friday, hitting $24.20. 26,827 shares of the company traded hands, compared to its average volume of 25,384. The company has a 50 day moving average of $24.40 and a 200-day moving average of $24.51. Invesco BulletShares 2034 Municipal Bond ETF has a 12-month low of $23.55 and a 12-month high of $25.02.

Invesco BulletShares 2034 Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were issued a $0.0754 dividend. The ex-dividend date of this dividend was Monday, July 20th. This is an increase from Invesco BulletShares 2034 Municipal Bond ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

Invesco BulletShares 2034 Municipal Bond ETF Company Profile

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.