Short Interest in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Grows By 257.9%

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 13,600 shares, a growth of 257.9% from the September 30th total of 3,800 shares. Based on an average daily volume of 42,500 shares, the days-to-cover ratio is presently 0.3 days.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Shares of Invesco BulletShares 2029 Municipal Bond ETF stock traded up $0.05 on Friday, hitting $23.00. 2,274 shares of the company’s stock traded hands, compared to its average volume of 32,998. Invesco BulletShares 2029 Municipal Bond ETF has a 52-week low of $21.83 and a 52-week high of $23.59. The firm’s 50-day moving average is $23.21 and its 200 day moving average is $23.09.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, October 21st will be paid a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Monday, October 21st. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. First Command Advisory Services Inc. acquired a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter valued at approximately $46,000. Comerica Bank lifted its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 278.1% in the 1st quarter. Comerica Bank now owns 4,911 shares of the company’s stock worth $114,000 after buying an additional 3,612 shares during the last quarter. Bill Few Associates Inc. acquired a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 2nd quarter valued at about $201,000. Sentinel Pension Advisors Inc. bought a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter valued at about $213,000. Finally, WealthBridge Capital Management LLC acquired a new stake in Invesco BulletShares 2029 Municipal Bond ETF during the third quarter worth about $244,000.

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.