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

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 48,379 shares, a growth of 471.5% from the September 15th total of 8,465 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 133,005 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Investment Advisory LLC boosted its stake in Invesco BulletShares 2029 Municipal Bond ETF by 92.9% in the first quarter. Harbor Investment Advisory LLC now owns 1,350 shares of the company’s stock worth $31,000 after purchasing an additional 650 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the first quarter worth $51,000. Anchor Investment Management LLC grew its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 300.0% during the fourth quarter. Anchor Investment Management LLC now owns 4,000 shares of the company’s stock worth $93,000 after purchasing an additional 3,000 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF in the first quarter valued at $107,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF in the first quarter valued at $140,000.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Shares of NASDAQ BSMT traded up $0.08 during mid-day trading on Friday, hitting $22.36. 85,506 shares of the stock were exchanged, compared to its average volume of 55,325. The stock’s fifty day simple moving average is $22.70 and its two-hundred day simple moving average is $22.92. Invesco BulletShares 2029 Municipal Bond ETF has a twelve month low of $22.03 and a twelve month high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.0519 per share. This is a drop from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.0552. The ex-dividend date was Monday, September 21st. This represents a $0.62 dividend on an annualized basis and a yield of 2.8%.

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.