Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Short Interest Update

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 5,045 shares, a drop of 64.3% from the July 30th total of 14,123 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 22,527 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Invesco BulletShares 2034 Municipal Bond ETF

Several large investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF during the first quarter worth $2,478,000. Raymond James Financial Inc. raised its position in Invesco BulletShares 2034 Municipal Bond ETF by 1,589.5% in the second quarter. Raymond James Financial Inc. now owns 251,039 shares of the company’s stock valued at $5,954,000 after purchasing an additional 236,180 shares during the period. Bank of America Corp DE increased its position in shares of Invesco BulletShares 2034 Municipal Bond ETF by 114.3% during the 2nd quarter. Bank of America Corp DE now owns 15,332 shares of the company’s stock worth $364,000 after purchasing an additional 8,177 shares during the last quarter. Osaic Holdings Inc. raised its holdings 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 valued at $55,000 after buying an additional 720 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Invesco BulletShares 2034 Municipal Bond ETF by 25.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 23,780 shares of the company’s stock valued at $579,000 after buying an additional 4,842 shares during the period.

Invesco BulletShares 2034 Municipal Bond ETF Stock Down 0.1%

BSMY traded down $0.02 on Friday, reaching $23.91. The stock had a trading volume of 4,842 shares, compared to its average volume of 25,280. Invesco BulletShares 2034 Municipal Bond ETF has a 12-month low of $23.60 and a 12-month high of $25.02. The business’s 50-day moving average price is $24.30 and its two-hundred day moving average price is $24.46.

Invesco BulletShares 2034 Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 24th will be issued a $0.0736 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, August 24th.

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.