Short Interest in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Drops By 71.1%

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 14,351 shares, a drop of 71.1% from the December 15th total of 49,637 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 77,724 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 77,724 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Shares of BSMT traded up $0.02 during midday trading on Tuesday, hitting $23.27. The stock had a trading volume of 26,385 shares, compared to its average volume of 52,586. The business has a 50-day simple moving average of $23.13 and a two-hundred day simple moving average of $23.02. Invesco BulletShares 2029 Municipal Bond ETF has a fifty-two week low of $21.87 and a fifty-two week high of $23.28.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.0497 per share. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, December 22nd.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

A number of hedge funds have recently modified their holdings of BSMT. Farther Finance Advisors LLC purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the second quarter valued at $34,000. ORG Partners LLC acquired a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 3rd quarter valued at about $141,000. JPMorgan Chase & Co. increased its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 91.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,461 shares of the company’s stock valued at $169,000 after purchasing an additional 3,569 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF in the second quarter worth approximately $206,000. Finally, IFG Advisory LLC acquired a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the third quarter worth approximately $213,000.

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.