Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Shares Shorted: Short Interest Up 83.1% in October

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 88,606 shares, an increase of 83.1% from the September 30th total of 48,379 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 152,424 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC raised its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 92.9% during the first quarter. Harbor Investment Advisory LLC now owns 1,350 shares of the company’s stock valued at $31,000 after purchasing an additional 650 shares in the last quarter. Western Wealth Management LLC acquired a new position in Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter valued at about $51,000. Fifth Third Bancorp acquired a new position in Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter valued at about $107,000. Ascentis Independent Advisors bought a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter worth about $140,000. Finally, Private Advisor Group LLC bought a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter worth about $212,000.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

Shares of NASDAQ:BSMT traded up $0.01 during trading hours on Monday, hitting $22.73. The stock had a trading volume of 38,633 shares, compared to its average volume of 59,541. The stock’s fifty day simple moving average is $22.57 and its 200 day simple moving average is $22.98. Invesco BulletShares 2029 Municipal Bond ETF has a 1-year low of $22.03 and a 1-year high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were given a $0.0553 dividend. The ex-dividend date was Monday, October 19th. This represents a $0.66 annualized dividend and a yield of 2.9%. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.0519.

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.