Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Sees Large Increase in Short Interest

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 73,557 shares, a growth of 107.9% from the July 30th total of 35,378 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 39,362 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BSMT. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 1,260.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,660 shares of the company’s stock worth $24,068,000 after buying an additional 963,241 shares in the last quarter. Hills Bank & Trust Co grew its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 10.8% during the 4th quarter. Hills Bank & Trust Co now owns 633,116 shares of the company’s stock valued at $14,657,000 after buying an additional 61,687 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 5.0% during the 4th quarter. Wells Fargo & Company MN now owns 579,299 shares of the company’s stock valued at $13,411,000 after buying an additional 27,762 shares in the last quarter. Bank of America Corp DE increased its stake in Invesco BulletShares 2029 Municipal Bond ETF by 10.2% in the 1st quarter. Bank of America Corp DE now owns 291,824 shares of the company’s stock worth $6,719,000 after acquiring an additional 27,076 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Invesco BulletShares 2029 Municipal Bond ETF by 17.1% in the 4th quarter. Invesco Ltd. now owns 280,320 shares of the company’s stock worth $6,489,000 after acquiring an additional 40,970 shares during the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

Shares of BSMT opened at $22.91 on Friday. The business’s 50 day moving average is $22.99 and its 200 day moving average is $23.09. Invesco BulletShares 2029 Municipal Bond ETF has a 12-month low of $22.78 and a 12-month high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were issued a $0.0552 dividend. The ex-dividend date was Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 2.9%. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05.

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.