Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Down 88.1% in April

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 2,400 shares, a drop of 88.1% from the March 31st total of 20,200 shares. Based on an average daily volume of 25,900 shares, the short-interest ratio is currently 0.1 days.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

NASDAQ BSMT remained flat at $22.92 during mid-day trading on Friday. 11,383 shares of the company were exchanged, compared to its average volume of 30,196. Invesco BulletShares 2029 Municipal Bond ETF has a 1 year low of $21.80 and a 1 year high of $23.59. The firm’s fifty day simple moving average is $23.20 and its two-hundred day simple moving average is $23.03.

Invesco BulletShares 2029 Municipal Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, April 26th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.0533 per share. The ex-dividend date is Monday, April 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 2.79%.

Hedge Funds Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Hedge funds have recently made changes to their positions in the stock. Hills Bank & Trust Co raised its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 124.9% in the 4th quarter. Hills Bank & Trust Co now owns 236,215 shares of the company’s stock valued at $5,550,000 after acquiring an additional 131,171 shares during the period. Confluence Investment Management LLC purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 1st quarter valued at $2,917,000. Sterling Financial Group Inc. raised its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 208.5% in the 1st quarter. Sterling Financial Group Inc. now owns 86,634 shares of the company’s stock valued at $2,013,000 after acquiring an additional 58,551 shares during the period. Precedent Wealth Partners LLC purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 4th quarter valued at $918,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 4th quarter valued at $618,000.

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.