Invesco BulletShares 2024 Municipal Bond ETF (NASDAQ:BSMO) Sees Large Increase in Short Interest

Invesco BulletShares 2024 Municipal Bond ETF (NASDAQ:BSMO) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 2,800 shares, a growth of 2,700.0% from the July 15th total of 100 shares. Based on an average trading volume of 30,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco BulletShares 2024 Municipal Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSMO. First Command Advisory Services Inc. acquired a new stake in shares of Invesco BulletShares 2024 Municipal Bond ETF during the first quarter valued at about $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 grew its stake in Invesco BulletShares 2024 Municipal Bond ETF by 13.8% during the 2nd quarter. Addison Advisors LLC now owns 6,570 shares of the company’s stock valued at $163,000 after purchasing an additional 795 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Invesco BulletShares 2024 Municipal Bond ETF during the 4th quarter valued at approximately $187,000. Finally, Diversify Advisory Services LLC purchased a new stake in Invesco BulletShares 2024 Municipal Bond ETF during the 2nd quarter worth approximately $200,000.

Invesco BulletShares 2024 Municipal Bond ETF Stock Performance

NASDAQ BSMO opened at $24.90 on Wednesday. The business has a 50 day moving average price of $24.83 and a two-hundred day moving average price of $24.80. Invesco BulletShares 2024 Municipal Bond ETF has a fifty-two week low of $24.54 and a fifty-two week high of $24.98.

Invesco BulletShares 2024 Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 22nd were paid a $0.053 dividend. The ex-dividend date of this dividend was Monday, July 22nd. This represents a $0.64 annualized dividend and a dividend yield of 2.55%.

About Invesco BulletShares 2024 Municipal Bond ETF

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.