Short Interest in Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Drops By 48.3%

Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 6,703 shares, a decrease of 48.3% from the January 29th total of 12,968 shares. Based on an average trading volume of 25,826 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 25,826 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Invesco BulletShares 2034 Municipal Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Confluence Investment Management LLC lifted its stake 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 valued at $9,005,000 after acquiring an additional 25,376 shares in the last quarter. BCS Wealth Management purchased a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF in the fourth quarter valued at about $8,978,000. LPL Financial LLC raised its holdings in shares of Invesco BulletShares 2034 Municipal Bond ETF by 1.8% in the fourth quarter. LPL Financial LLC now owns 265,983 shares of the company’s stock valued at $6,538,000 after purchasing an additional 4,711 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco BulletShares 2034 Municipal Bond ETF by 4.8% during the third quarter. Raymond James Financial Inc. now owns 262,979 shares of the company’s stock valued at $6,398,000 after purchasing an additional 11,940 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Invesco BulletShares 2034 Municipal Bond ETF during the fourth quarter valued at about $3,360,000.

Invesco BulletShares 2034 Municipal Bond ETF Trading Up 0.2%

BSMY stock opened at $24.98 on Friday. The business has a 50-day simple moving average of $24.76 and a two-hundred day simple moving average of $24.50. Invesco BulletShares 2034 Municipal Bond ETF has a 52-week low of $22.61 and a 52-week high of $25.01.

Invesco BulletShares 2034 Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 23rd will be given a dividend of $0.0704 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 3.4%.

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.