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

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 116,708 shares, an increase of 318.0% from the May 14th total of 27,922 shares. Based on an average daily trading volume, of 90,825 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 24.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock valued at $62,000 after purchasing an additional 520 shares during the last quarter. Equitable Holdings Inc. raised its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 1.7% in the 4th quarter. Equitable Holdings Inc. now owns 36,275 shares of the company’s stock valued at $840,000 after purchasing an additional 623 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 92.9% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,350 shares of the company’s stock valued at $31,000 after buying an additional 650 shares during the last quarter. Meridian Wealth Management LLC grew its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 3.1% during the fourth quarter. Meridian Wealth Management LLC now owns 26,955 shares of the company’s stock worth $624,000 after buying an additional 800 shares in the last quarter. Finally, WealthBridge Capital Management LLC increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 6.9% in the first quarter. WealthBridge Capital Management LLC now owns 14,300 shares of the company’s stock worth $329,000 after buying an additional 927 shares during the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Invesco BulletShares 2029 Municipal Bond ETF stock traded up $0.02 during midday trading on Thursday, hitting $23.09. 21,284 shares of the company were exchanged, compared to its average volume of 43,686. The company’s fifty day moving average price is $23.07 and its 200-day moving average price is $23.16. Invesco BulletShares 2029 Municipal Bond ETF has a fifty-two week low of $22.61 and a fifty-two week high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were issued a $0.0545 dividend. The ex-dividend date was Monday, May 18th. This represents a c) dividend on an annualized basis and a yield of 2.8%. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05.

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.