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

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 13,600 shares, an increase of 257.9% from the September 30th total of 3,800 shares. Based on an average daily volume of 42,500 shares, the days-to-cover ratio is presently 0.3 days.

Invesco BulletShares 2029 Municipal Bond ETF Trading Up 0.2 %

BSMT traded up $0.05 on Friday, hitting $23.00. The company had a trading volume of 20,365 shares, compared to its average volume of 33,085. The business’s fifty day simple moving average is $23.21 and its 200 day simple moving average is $23.08. Invesco BulletShares 2029 Municipal Bond ETF has a 12-month low of $21.83 and a 12-month high of $23.59.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were paid a dividend of $0.055 per share. The ex-dividend date was Monday, October 21st. This is a boost from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.87%.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Several institutional investors have recently added to or reduced their stakes in the company. MONECO Advisors LLC increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 49.3% during the third quarter. MONECO Advisors LLC now owns 41,118 shares of the company’s stock valued at $957,000 after buying an additional 13,579 shares during the period. Sterling Financial Group Inc. grew its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 5.8% during the 3rd quarter. Sterling Financial Group Inc. now owns 94,991 shares of the company’s stock worth $2,210,000 after acquiring an additional 5,186 shares in the last quarter. Precedent Wealth Partners LLC increased its position in Invesco BulletShares 2029 Municipal Bond ETF by 19.9% during the 3rd quarter. Precedent Wealth Partners LLC now owns 70,220 shares of the company’s stock valued at $1,634,000 after purchasing an additional 11,643 shares during the period. Sentinel Pension Advisors Inc. raised its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 36.0% in the 3rd quarter. Sentinel Pension Advisors Inc. now owns 19,556 shares of the company’s stock valued at $455,000 after purchasing an additional 5,178 shares in the last quarter. Finally, Asset Dedication LLC lifted its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 12.2% in the 3rd quarter. Asset Dedication LLC now owns 36,717 shares of the company’s stock worth $854,000 after purchasing an additional 4,001 shares during the period.

Invesco BulletShares 2029 Municipal Bond ETF Company Profile

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.