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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG raised its holdings in shares of Invesco BulletShares 2024 Municipal Bond ETF by 6.0% during the fourth quarter. UBS Group AG now owns 250,655 shares of the company’s stock valued at $6,245,000 after buying an additional 14,255 shares during the last quarter. Advisory Services Network LLC bought a new stake in Invesco BulletShares 2024 Municipal Bond ETF during the 4th quarter valued at $187,000. Parallel Advisors LLC bought a new stake in Invesco BulletShares 2024 Municipal Bond ETF during the 4th quarter valued at $75,000. Focus Financial Network Inc. ADV acquired a new position in Invesco BulletShares 2024 Municipal Bond ETF during the 4th quarter worth $1,264,000. Finally, ORBA Wealth Advisors L.L.C. bought a new position in shares of Invesco BulletShares 2024 Municipal Bond ETF in the fourth quarter worth $486,000.

Invesco BulletShares 2024 Municipal Bond ETF Price Performance

BSMO traded up $0.05 during trading on Friday, reaching $24.85. 39,383 shares of the company were exchanged, compared to its average volume of 38,772. Invesco BulletShares 2024 Municipal Bond ETF has a 52 week low of $24.54 and a 52 week high of $24.98. The firm has a 50 day moving average of $24.84 and a 200 day moving average of $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. Investors of record on Monday, September 23rd will be issued a $0.053 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Monday, September 23rd. This is a boost from Invesco BulletShares 2024 Municipal Bond ETF’s previous monthly dividend of $0.05.

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.