Significant Increase in Short Interest for Invesco BulletShares 2024 Municipal Bond ETF

The Invesco BulletShares 2024 Municipal Bond ETF (NASDAQ:BSMO) has recently experienced a notable rise in short interest, showing an increase of 10,700.0% in October. As of October 15th, the total short interest reached 10,800 shares, up from only 100 shares reported on September 30th. Given the average trading volume of 34,300 shares, the current days-to-cover ratio stands at 0.3 days, indicating how quickly shares could be bought back in the event of a covering rally.

Investments Leading the Changes

Several large institutional investors have recently adjusted their stakes in BSMO. For instance, First Command Advisory Services Inc. established a new position in the ETF during the first quarter, investing approximately $55,000. In the second quarter, Addison Advisors LLC increased its holding in Invesco BulletShares 2024 Municipal Bond ETF by 13.8%, now owning 6,570 shares valued at around $163,000 after acquiring 795 additional shares. Diversify Advisory Services LLC also entered the fray by purchasing a significant stake valued at about $200,000. Meanwhile, CRA Financial Services LLC and Hills Bank & Trust Co also opened new positions in the ETF, investing roughly $223,000 and $325,000 respectively.

Performance of BSMO Stock

On the trading floor, BSMO stock opened at $24.82. The ETF is currently showing a 50-day simple moving average of $24.84, and a 200-day simple moving average of $24.82. Over the past year, the stock has recorded a low of $24.54 and a high of $24.98, reflecting a steady performance in the municipal bond sector.

Dividend Announcement from Invesco BulletShares 2024 Municipal Bond ETF

Invesco BulletShares 2024 Municipal Bond ETF has also declared a monthly dividend. This payment was made on October 25th, with shareholders of record on October 21st receiving a dividend of $0.057 per share. Annually, this dividend amounts to $0.68, leading to a yield of 2.76%. Notably, this new distribution marks an increase from the previous monthly dividend of $0.05.

Overview of Invesco BulletShares 2024 Municipal Bond ETF

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

short, interest, investment