Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Sees Significant Decrease in Short Interest

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 11,300 shares, a drop of 78.1% from the September 30th total of 51,600 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 36,000 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 36,000 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSMT. ORG Partners LLC acquired a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 3rd quarter worth approximately $141,000. River Street Advisors LLC acquired a new position in Invesco BulletShares 2029 Municipal Bond ETF in the 3rd quarter valued at about $243,000. Signaturefd LLC lifted its position in Invesco BulletShares 2029 Municipal Bond ETF by 109.0% during the third quarter. Signaturefd LLC now owns 77,860 shares of the company’s stock worth $1,799,000 after acquiring an additional 40,598 shares during the last quarter. Accurate Wealth Management LLC bought a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the third quarter worth approximately $231,000. Finally, Marietta Wealth Management LLC grew its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 40.2% in the third quarter. Marietta Wealth Management LLC now owns 30,959 shares of the company’s stock valued at $715,000 after purchasing an additional 8,874 shares during the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Stock Down 0.2%

BSMT stock opened at $23.02 on Thursday. The business has a 50-day moving average of $23.08 and a 200-day moving average of $22.81. Invesco BulletShares 2029 Municipal Bond ETF has a fifty-two week low of $21.87 and a fifty-two week high of $23.45.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 24th. Investors of record on Monday, October 20th were issued a dividend of $0.0514 per share. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, October 20th.

About Invesco BulletShares 2029 Municipal Bond ETF

The Invesco BulletShares 2029 Municipal Bond ETF (BSMT) 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 2029. BSMT was launched on Sep 25, 2019 and is managed by Invesco.