Short Interest in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Expands By 352.5%

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 27,600 shares, a growth of 352.5% from the June 15th total of 6,100 shares. Based on an average daily volume of 22,100 shares, the days-to-cover ratio is currently 1.2 days.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

Shares of BSMT traded up $0.07 during midday trading on Thursday, reaching $23.11. The stock had a trading volume of 14,156 shares, compared to its average volume of 27,856. Invesco BulletShares 2029 Municipal Bond ETF has a 1-year low of $21.80 and a 1-year high of $23.59. The company’s fifty day simple moving average is $22.97 and its two-hundred day simple moving average is $23.17.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a dividend of $0.0559 per share. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.06. This represents a $0.67 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Monday, June 24th.

Institutional Investors Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BSMT. CGN Advisors LLC raised its stake in Invesco BulletShares 2029 Municipal Bond ETF by 5.3% during the 4th quarter. CGN Advisors LLC now owns 94,986 shares of the company’s stock worth $2,232,000 after acquiring an additional 4,772 shares in the last quarter. Horizons Wealth Management increased its stake in Invesco BulletShares 2029 Municipal Bond ETF by 301.2% in the fourth quarter. Horizons Wealth Management now owns 19,049 shares of the company’s stock valued at $448,000 after purchasing an additional 14,301 shares during the period. Valicenti Advisory Services Inc. acquired a new position in Invesco BulletShares 2029 Municipal Bond ETF in the fourth quarter valued at $200,000. Raymond James & Associates acquired a new position in Invesco BulletShares 2029 Municipal Bond ETF in the fourth quarter valued at $209,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Invesco BulletShares 2029 Municipal Bond ETF by 5.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,506 shares of the company’s stock valued at $388,000 after purchasing an additional 887 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.