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

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 41,965 shares, a decrease of 64.0% from the May 31st total of 116,708 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 53,274 shares, the days-to-cover ratio is presently 0.8 days.

Invesco BulletShares 2029 Municipal Bond ETF Stock Up 0.0%

BSMT stock traded up $0.01 during trading on Monday, reaching $23.04. The stock had a trading volume of 26,840 shares, compared to its average volume of 44,077. Invesco BulletShares 2029 Municipal Bond ETF has a 52 week low of $22.68 and a 52 week high of $23.41. The stock’s 50 day moving average is $23.07 and its two-hundred day moving average is $23.16.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.0534 per share. This is a boost from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date was Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of BSMT. NewEdge Advisors LLC boosted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 16.7% in the 1st quarter. NewEdge Advisors LLC now owns 199,494 shares of the company’s stock worth $4,593,000 after buying an additional 28,476 shares during the period. Financial Solutions Advisory Group Inc. purchased a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the first quarter worth about $1,670,000. Asset Dedication LLC grew its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 8.6% during the first quarter. Asset Dedication LLC now owns 74,984 shares of the company’s stock worth $1,726,000 after purchasing an additional 5,943 shares in the last quarter. Hobbs Group Advisors LLC raised its stake in Invesco BulletShares 2029 Municipal Bond ETF by 18.4% during the 1st quarter. Hobbs Group Advisors LLC now owns 23,749 shares of the company’s stock valued at $547,000 after purchasing an additional 3,692 shares during the period. Finally, Western Wealth Management LLC purchased a new position in Invesco BulletShares 2029 Municipal Bond ETF in the 1st quarter worth approximately $51,000.

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.