Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Stock Short Interest Drops 85.5%

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 8,465 shares, a decrease of 85.5% from the August 31st total of 58,472 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 80,124 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSMT. Harbor Investment Advisory LLC lifted its position in Invesco BulletShares 2029 Municipal Bond ETF by 92.9% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,350 shares of the company’s stock worth $31,000 after buying an additional 650 shares in the last quarter. WealthBridge Capital Management LLC grew its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 6.9% in the 1st quarter. WealthBridge Capital Management LLC now owns 14,300 shares of the company’s stock valued at $329,000 after acquiring an additional 927 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF in the first quarter valued at about $51,000. Sanctuary Advisors LLC increased its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 6.1% in the first quarter. Sanctuary Advisors LLC now owns 39,134 shares of the company’s stock valued at $901,000 after acquiring an additional 2,265 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 8.3% during the fourth quarter. Harbour Investments Inc. now owns 30,897 shares of the company’s stock worth $715,000 after acquiring an additional 2,361 shares in the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

Shares of NASDAQ BSMT opened at $22.31 on Friday. The company’s fifty day moving average is $22.83 and its 200-day moving average is $22.99. Invesco BulletShares 2029 Municipal Bond ETF has a twelve month low of $22.29 and a twelve month high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 21st will be paid a dividend of $0.0519 per share. This represents a $0.62 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 21st. This is a drop from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.0552.

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.