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

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 15,800 shares, a drop of 21.4% from the August 31st total of 20,100 shares. Based on an average daily volume of 40,300 shares, the short-interest ratio is presently 0.4 days.

Invesco BulletShares 2029 Municipal Bond ETF Stock Up 0.3 %

Shares of BSMT traded up $0.07 during midday trading on Friday, reaching $23.29. 27,694 shares of the stock were exchanged, compared to its average volume of 32,514. The stock’s 50 day simple moving average is $23.19 and its 200 day simple moving average is $23.09. Invesco BulletShares 2029 Municipal Bond ETF has a twelve month low of $21.80 and a twelve month high of $23.59.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.054 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.78%.

Institutional Investors Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Several institutional investors have recently made changes to their positions in the stock. Confluence Investment Management LLC bought a new stake in Invesco BulletShares 2029 Municipal Bond ETF during the first quarter worth about $2,917,000. Sterling Financial Group Inc. lifted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 208.5% during the 1st quarter. Sterling Financial Group Inc. now owns 86,634 shares of the company’s stock worth $2,013,000 after acquiring an additional 58,551 shares during the period. Hobbs Group Advisors LLC acquired a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 2nd quarter worth approximately $702,000. Commonwealth Equity Services LLC lifted its stake in Invesco BulletShares 2029 Municipal Bond ETF by 82.2% during the second quarter. Commonwealth Equity Services LLC now owns 61,568 shares of the company’s stock worth $1,411,000 after purchasing an additional 27,785 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 350.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,524 shares of the company’s stock valued at $814,000 after purchasing an additional 27,637 shares in the last quarter.

About Invesco BulletShares 2029 Municipal Bond ETF

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.