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 in the month of January. As of January 15th, there was short interest totaling 35,984 shares, a growth of 150.7% from the December 31st total of 14,351 shares. Based on an average trading volume of 50,164 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 50,164 shares, the short-interest ratio is currently 0.7 days.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

NASDAQ:BSMT opened at $23.26 on Thursday. Invesco BulletShares 2029 Municipal Bond ETF has a 1 year low of $21.87 and a 1 year high of $23.30. The stock has a fifty day moving average price of $23.17 and a two-hundred day moving average price of $23.06.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a $0.0508 dividend. This represents a c) annualized dividend and a dividend yield of 2.6%. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date was Tuesday, January 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position 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 acquiring an additional 1,717 shares during the period. Focus Partners Wealth increased 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 in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Invesco BulletShares 2029 Municipal Bond ETF during the second quarter worth $206,000. Farther Finance Advisors LLC purchased a new stake in Invesco BulletShares 2029 Municipal Bond ETF during the second quarter worth $34,000. Finally, Foundry Financial Group Inc. purchased a new stake in Invesco BulletShares 2029 Municipal Bond ETF during the second quarter worth $216,000.

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.