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

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 3,800 shares, a decrease of 75.9% from the September 15th total of 15,800 shares. Based on an average trading volume of 41,300 shares, the days-to-cover ratio is presently 0.1 days.

Invesco BulletShares 2029 Municipal Bond ETF Trading Up 0.0 %

Shares of NASDAQ:BSMT traded up $0.01 during trading on Friday, hitting $23.20. 39,762 shares of the company’s stock traded hands, compared to its average volume of 33,130. The company has a 50-day moving average price of $23.23 and a 200-day moving average price of $23.09. Invesco BulletShares 2029 Municipal Bond ETF has a 52 week low of $21.80 and a 52 week high of $23.59.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.054 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.65 dividend on an annualized basis and a yield of 2.79%.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Large investors have recently bought and sold shares of the business. First Command Advisory Services Inc. bought a new stake in Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter worth approximately $46,000. Comerica Bank increased its stake in 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. Bill Few Associates Inc. bought a new stake in Invesco BulletShares 2029 Municipal Bond ETF during the 2nd quarter worth approximately $201,000. Sentinel Pension Advisors Inc. acquired a new position in Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter worth approximately $213,000. Finally, WealthBridge Capital Management LLC acquired a new position in Invesco BulletShares 2029 Municipal Bond ETF during the 3rd quarter worth approximately $244,000.

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.