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

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 19,700 shares, a growth of 44.9% from the October 15th total of 13,600 shares. Based on an average daily volume of 50,300 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSMT. HighTower Advisors LLC acquired a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 3rd quarter valued at about $2,453,000. Avior Wealth Management LLC increased its stake in Invesco BulletShares 2029 Municipal Bond ETF by 74.7% during the 3rd quarter. Avior Wealth Management LLC now owns 77,238 shares of the company’s stock worth $1,797,000 after buying an additional 33,014 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in Invesco BulletShares 2029 Municipal Bond ETF during the 2nd quarter worth approximately $702,000. Commonwealth Equity Services LLC increased its stake in Invesco BulletShares 2029 Municipal Bond ETF by 82.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 61,568 shares of the company’s stock worth $1,411,000 after buying an additional 27,785 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Invesco BulletShares 2029 Municipal Bond ETF by 350.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,524 shares of the company’s stock worth $814,000 after buying an additional 27,637 shares in the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Stock Up 0.2 %

Shares of Invesco BulletShares 2029 Municipal Bond ETF stock traded up $0.05 during trading on Friday, reaching $23.10. The company’s stock had a trading volume of 17,841 shares, compared to its average volume of 35,515. Invesco BulletShares 2029 Municipal Bond ETF has a 1-year low of $22.59 and a 1-year high of $23.59. The company has a 50-day simple moving average of $23.16 and a two-hundred day simple moving average of $23.09.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were given a dividend of $0.055 per share. The ex-dividend date was Monday, October 21st. This represents a $0.66 dividend on an annualized basis and a yield of 2.86%. This is a boost from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05.

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.