Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Update

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a significant growth in short interest during 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. Based on an average daily volume of 39,362 shares, the short-interest ratio is currently 1.9 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 18.4% during the 1st quarter. Royal Bank of Canada now owns 11,037 shares of the company’s stock valued at $251,000 after purchasing an additional 1,717 shares during the last quarter. Focus Partners Wealth lifted its stake in Invesco BulletShares 2029 Municipal Bond ETF by 10.4% in the 1st quarter. Focus Partners Wealth now owns 47,213 shares of the company’s stock valued at $1,074,000 after purchasing an additional 4,454 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 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 last quarter. Invesco Ltd. boosted its position in Invesco BulletShares 2029 Municipal Bond ETF by 2.5% in the second quarter. Invesco Ltd. now owns 216,812 shares of the company’s stock valued at $4,924,000 after buying an additional 5,386 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new stake in Invesco BulletShares 2029 Municipal Bond ETF in the second quarter valued at approximately $302,000.

Invesco BulletShares 2029 Municipal Bond ETF Trading Down 0.1%

Shares of BSMT stock traded down $0.02 during trading hours on Friday, reaching $22.91. The company’s stock had a trading volume of 64,699 shares, compared to its average volume of 44,592. Invesco BulletShares 2029 Municipal Bond ETF has a fifty-two week low of $22.78 and a fifty-two week high of $23.41. The firm’s 50 day simple moving average is $22.99 and its 200-day simple moving average is $23.09.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a dividend of $0.0552 per share. The ex-dividend date of this dividend was Monday, August 24th. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a yield of 2.9%.

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.