Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Stock Short Interest Drops 85.5%

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 8,465 shares, a decrease of 85.5% from the August 31st total of 58,472 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 80,124 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Several institutional investors have recently added to or reduced their stakes in BSMT. Bank of America Corp DE increased its position in Invesco BulletShares 2029 Municipal Bond ETF by 10.2% during the 1st quarter. Bank of America Corp DE now owns 291,824 shares of the company’s stock worth $6,719,000 after buying an additional 27,076 shares during the period. NewEdge Advisors LLC raised its stake in Invesco BulletShares 2029 Municipal Bond ETF by 8.5% in the 2nd quarter. NewEdge Advisors LLC now owns 216,442 shares of the company’s stock worth $4,985,000 after purchasing an additional 16,948 shares in the last quarter. HighTower Advisors LLC raised its stake in Invesco BulletShares 2029 Municipal Bond ETF by 50.0% in the 4th quarter. HighTower Advisors LLC now owns 200,173 shares of the company’s stock worth $4,634,000 after purchasing an additional 66,723 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 14.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 154,554 shares of the company’s stock valued at $3,559,000 after purchasing an additional 19,148 shares during the period. Finally, Lido Advisors LLC boosted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 11.3% in the 4th quarter. Lido Advisors LLC now owns 106,400 shares of the company’s stock valued at $2,463,000 after purchasing an additional 10,800 shares during the period.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Shares of BSMT stock opened at $22.31 on Friday. Invesco BulletShares 2029 Municipal Bond ETF has a 12-month low of $22.29 and a 12-month high of $23.41. The firm has a 50 day moving average price of $22.83 and a two-hundred day moving average price of $22.99.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.0519 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.8%. This is a decrease from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.0552. The ex-dividend date is Monday, September 21st.

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.