Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Down 21.4% in September

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 15,800 shares, a decrease of 21.4% from the August 31st total of 20,100 shares. Based on an average daily volume of 40,300 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Several hedge funds have recently added to or reduced their stakes in the company. Tlwm raised its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 5.8% in the first quarter. Tlwm now owns 11,349 shares of the company’s stock valued at $264,000 after acquiring an additional 627 shares in the last quarter. Farmers National Bank raised its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 2.6% in the second quarter. Farmers National Bank now owns 43,319 shares of the company’s stock valued at $993,000 after acquiring an additional 1,112 shares in the last quarter. First Command Advisory Services Inc. raised its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 81.8% in the second quarter. First Command Advisory Services Inc. now owns 3,566 shares of the company’s stock valued at $82,000 after acquiring an additional 1,605 shares in the last quarter. Asset Dedication LLC raised its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 7.0% in the second quarter. Asset Dedication LLC now owns 32,716 shares of the company’s stock valued at $750,000 after acquiring an additional 2,138 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 7.3% in the first quarter. Commonwealth Equity Services LLC now owns 33,783 shares of the company’s stock valued at $785,000 after acquiring an additional 2,299 shares in the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Stock Up 0.3 %

Shares of BSMT traded up $0.07 during mid-day trading on Friday, hitting $23.29. 27,694 shares of the company’s stock were exchanged, compared to its average volume of 32,514. Invesco BulletShares 2029 Municipal Bond ETF has a fifty-two week low of $21.80 and a fifty-two week high of $23.59. The stock’s 50-day moving average is $23.19 and its 200-day moving average is $23.09.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.054 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.65 annualized dividend and a yield of 2.78%.

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.