Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Down 62.3% in June

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 6,100 shares, a decrease of 62.3% from the May 31st total of 16,200 shares. Based on an average daily trading volume, of 25,600 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank grew its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 278.1% during the 1st quarter. Comerica Bank now owns 4,911 shares of the company’s stock worth $114,000 after purchasing an additional 3,612 shares in the last quarter. Sentinel Pension Advisors Inc. acquired a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter worth approximately $213,000. First Command Advisory Services Inc. acquired a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter worth approximately $46,000. Commonwealth Equity Services LLC grew its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 7.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 33,783 shares of the company’s stock worth $785,000 after purchasing an additional 2,299 shares in the last quarter. Finally, Precedent Wealth Partners LLC grew its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 28.4% during the 1st quarter. Precedent Wealth Partners LLC now owns 50,131 shares of the company’s stock worth $1,165,000 after purchasing an additional 11,080 shares in the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Stock Down 0.1 %

BSMT traded down $0.03 on Friday, reaching $22.92. The company had a trading volume of 21,302 shares, compared to its average volume of 28,477. Invesco BulletShares 2029 Municipal Bond ETF has a fifty-two week low of $21.80 and a fifty-two week high of $23.59. The company’s fifty day moving average is $22.97 and its 200 day moving average is $23.19.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.0559 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.67 dividend on an annualized basis and a yield of 2.93%. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.06.

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.