Invesco BulletShares 2024 Municipal Bond ETF (NASDAQ:BSMO) Sees Significant Growth in Short Interest

Invesco BulletShares 2024 Municipal Bond ETF (NASDAQ:BSMO) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,100 shares, a growth of 450.0% from the August 31st total of 200 shares. Based on an average daily trading volume, of 37,000 shares, the days-to-cover ratio is currently 0.0 days.

Invesco BulletShares 2024 Municipal Bond ETF Trading Up 0.2 %

Shares of BSMO traded up $0.05 during trading hours on Friday, hitting $24.85. The stock had a trading volume of 39,383 shares, compared to its average volume of 38,772. Invesco BulletShares 2024 Municipal Bond ETF has a 12-month low of $24.54 and a 12-month high of $24.98. The company’s fifty day simple moving average is $24.84 and its 200 day simple moving average is $24.82.

Invesco BulletShares 2024 Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 23rd will be paid a $0.053 dividend. This is a positive change from Invesco BulletShares 2024 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a $0.64 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Monday, September 23rd.

Institutional Trading of Invesco BulletShares 2024 Municipal Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of BSMO. First Command Advisory Services Inc. purchased a new stake in Invesco BulletShares 2024 Municipal Bond ETF during the first quarter worth approximately $55,000. Parallel Advisors LLC purchased a new position in Invesco BulletShares 2024 Municipal Bond ETF in the fourth quarter valued at about $75,000. Addison Advisors LLC lifted its stake in shares of Invesco BulletShares 2024 Municipal Bond ETF by 13.8% during the second quarter. Addison Advisors LLC now owns 6,570 shares of the company’s stock worth $163,000 after purchasing an additional 795 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Invesco BulletShares 2024 Municipal Bond ETF during the fourth quarter worth about $187,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Invesco BulletShares 2024 Municipal Bond ETF in the second quarter worth about $200,000.

Invesco BulletShares 2024 Municipal Bond ETF Company Profile

The Invesco BulletShares 2024 Municipal Bond ETF (BSMO) 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 2024. BSMO was launched on Sep 25, 2019 and is managed by Invesco.