Short Interest in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Declines By 84.7%

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 5,100 shares, a decline of 84.7% from the July 15th total of 33,300 shares. Based on an average trading volume of 30,300 shares, the days-to-cover ratio is currently 0.2 days.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Shares of BSMT stock traded down $0.02 during trading hours on Monday, reaching $23.16. The company had a trading volume of 212,191 shares, compared to its average volume of 30,895. The business has a fifty day moving average price of $23.04 and a 200-day moving average price of $23.12. Invesco BulletShares 2029 Municipal Bond ETF has a one year low of $21.80 and a one year high of $23.59.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 22nd were paid a $0.056 dividend. The ex-dividend date was Monday, July 22nd. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.06. This represents a $0.67 dividend on an annualized basis and a dividend yield of 2.90%.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Large investors have recently made changes to their positions in the stock. Hills Bank & Trust Co boosted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 124.9% in the fourth quarter. Hills Bank & Trust Co now owns 236,215 shares of the company’s stock worth $5,550,000 after buying an additional 131,171 shares during the last quarter. Confluence Investment Management LLC purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the first quarter worth approximately $2,917,000. Sterling Financial Group Inc. boosted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 208.5% in the first quarter. Sterling Financial Group Inc. now owns 86,634 shares of the company’s stock worth $2,013,000 after buying an additional 58,551 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in Invesco BulletShares 2029 Municipal Bond ETF during the second quarter valued at approximately $702,000. Finally, Commonwealth Equity Services LLC lifted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 82.2% during the second quarter. Commonwealth Equity Services LLC now owns 61,568 shares of the company’s stock valued at $1,411,000 after purchasing an additional 27,785 shares in the last quarter.

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.