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

The Invesco BulletShares 2024 Municipal Bond ETF (NASDAQ:BSMO) recently experienced a remarkable surge in short interest during October. By October 15th, the short interest had grown to a total of 10,800 shares. This marks a staggering increase of 10,700.0% from the 100 shares recorded at the end of September. With the average trading volume standing at 34,300 shares, this translates to a days-to-cover ratio of 0.3 days.

Recent Institutional Activity in BSMO

Several large institutional investors have made adjustments to their holdings in the Invesco BulletShares 2024 Municipal Bond ETF. For instance, First Command Advisory Services Inc. invested in a new position during the first quarter, amounting to approximately $55,000. In the second quarter, Addison Advisors LLC increased its holdings by 13.8%, now owning 6,570 shares with a valuation of $163,000 after acquiring an additional 795 shares. Furthermore, Diversify Advisory Services LLC also entered the market, purchasing a new stake worth around $200,000. CRA Financial Services LLC made a similar move, investing approximately $223,000. Lastly, Hills Bank & Trust Co acquired a new position valued at roughly $325,000 during the same period.

Current Performance of BSMO Stock

On the market front, BSMO shares opened at $24.82 on Friday. The ETF has a 50-day simple moving average of $24.84 and a 200-day simple moving average of $24.82. Notably, the Invesco BulletShares 2024 Municipal Bond ETF has recorded a 12-month low of $24.54 and a 12-month high of $24.98.

Dividend Announcement by Invesco BulletShares

Invesco BulletShares also announced an increase in its monthly dividend. The payment was made on Friday, October 25th, with shareholders on record as of Monday, October 21st, receiving a dividend of $0.057 per share. This translates to an annual dividend yield of 2.76% and an annualized amount of $0.68. This increase reflects a rise from the prior monthly dividend, which was $0.05.

Understanding Invesco BulletShares 2024 Municipal Bond ETF

The Invesco BulletShares 2024 Municipal Bond ETF (BSMO) primarily invests in investment-grade fixed-income securities. The fund tracks an index that is weighted by market value, comprising investment-grade AMT-Free municipal bonds that are set to mature by the end of 2024. BSMO was launched on September 25, 2019, and is managed by Invesco.

Short, Interest, Investors