Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Update

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 73,557 shares, a growth of 107.9% from the July 30th total of 35,378 shares. Based on an average trading volume of 39,362 shares, the short-interest ratio is presently 1.9 days. Approximately 0.6% of the shares of the company are short sold.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

BSMT stock opened at $22.91 on Monday. Invesco BulletShares 2029 Municipal Bond ETF has a twelve month low of $22.78 and a twelve month high of $23.41. The business has a 50 day moving average of $22.99 and a 200 day moving average of $23.09.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a dividend of $0.0552 per share. The ex-dividend date of this dividend was Monday, August 24th. This is a boost from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its position in Invesco BulletShares 2029 Municipal Bond ETF by 1,260.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,660 shares of the company’s stock worth $24,068,000 after acquiring an additional 963,241 shares during the period. Hills Bank & Trust Co raised its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 10.8% in the fourth quarter. Hills Bank & Trust Co now owns 633,116 shares of the company’s stock valued at $14,657,000 after purchasing an additional 61,687 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 5.0% during the fourth quarter. Wells Fargo & Company MN now owns 579,299 shares of the company’s stock worth $13,411,000 after buying an additional 27,762 shares during the period. Bank of America Corp DE grew its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 10.2% in the first quarter. Bank of America Corp DE now owns 291,824 shares of the company’s stock valued at $6,719,000 after buying an additional 27,076 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 17.1% in the 4th quarter. Invesco Ltd. now owns 280,320 shares of the company’s stock worth $6,489,000 after purchasing an additional 40,970 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.