Significant Surge in Short Interest for Invesco BulletShares 2024 Municipal Bond ETF (NASDAQ:BSMO)

The Invesco BulletShares 2024 Municipal Bond ETF (NASDAQ:BSMO) has witnessed a remarkable increase in short interest in the month of October. As of October 15, the short interest reached a total of 10,800 shares, marking an astounding growth of 10,700.0% from the previous month's figure of just 100 shares reported on September 30. With an average trading volume of 34,300 shares, this leads to a days-to-cover ratio of approximately 0.3 days.

Institutional Trading Updates

In recent months, several institutional investors have adjusted their holdings in BSMO. First Command Advisory Services Inc. established a new position in the ETF during the first quarter, amounting to approximately $55,000. In the second quarter, Addison Advisors LLC increased its stake in Invesco BulletShares 2024 Municipal Bond ETF by 13.8%, now owning 6,570 shares valued at around $163,000 after acquiring an additional 795 shares. Additionally, Diversify Advisory Services LLC initiated a new investment in the fund worth about $200,000 in the same quarter. CRA Financial Services LLC also entered the ETF market with a new position valued at roughly $223,000, while Hills Bank & Trust Co expanded its holdings with a new investment of approximately $325,000 during the second quarter.

Current Stock Performance

As of Friday, BSMO stock opened at $24.82. The stock has a 50-day simple moving average of $24.84 and a 200-day simple moving average of $24.82. The ETF has experienced a 12-month low of $24.54 and a high of $24.98, indicating stability in this financial instrument.

Dividend Announcement

Recently, the Invesco BulletShares 2024 Municipal Bond ETF declared an increase in its monthly dividend, which was distributed on October 25. Shareholders who were on record as of October 21 received a dividend of $0.057 per share, translating to an annualized dividend of $0.68 and a yield of 2.76%. This is an increase from the previous monthly dividend rate of $0.05.

ETF Overview

The Invesco BulletShares 2024 Municipal Bond ETF (BSMO) is a specialized exchange-traded fund that primarily invests in investment-grade fixed-income securities. The ETF tracks a market-value-weighted index composed of AMT-Free municipal bonds, all set to mature by the end of 2024. Launched on September 25, 2019, the fund is managed by Invesco.

ETF, Short, Volume