Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Down 64.0% in June

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 41,965 shares, a decline of 64.0% from the May 31st total of 116,708 shares. Based on an average daily volume of 53,274 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 16.7% during the 1st quarter. NewEdge Advisors LLC now owns 199,494 shares of the company’s stock worth $4,593,000 after buying an additional 28,476 shares during the period. Financial Solutions Advisory Group Inc. acquired a new stake in Invesco BulletShares 2029 Municipal Bond ETF in the 1st quarter valued at about $1,670,000. Asset Dedication LLC grew its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 8.6% during the first quarter. Asset Dedication LLC now owns 74,984 shares of the company’s stock worth $1,726,000 after purchasing an additional 5,943 shares during the period. Hobbs Group Advisors LLC increased its position in Invesco BulletShares 2029 Municipal Bond ETF by 18.4% during the first quarter. Hobbs Group Advisors LLC now owns 23,749 shares of the company’s stock worth $547,000 after buying an additional 3,692 shares during the last quarter. Finally, Western Wealth Management LLC bought a new stake in Invesco BulletShares 2029 Municipal Bond ETF in the first quarter valued at approximately $51,000.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Shares of BSMT traded down $0.02 on Tuesday, reaching $23.02. 4,793 shares of the stock traded hands, compared to its average volume of 43,807. Invesco BulletShares 2029 Municipal Bond ETF has a 12 month low of $22.68 and a 12 month high of $23.41. The stock’s 50-day moving average price is $23.07 and its 200-day moving average price is $23.16.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.0534 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a yield of 2.8%.

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.