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 decrease in short interest in June. As of June 15th, there was short interest totaling 41,965 shares, a decrease of 64.0% from the May 31st total of 116,708 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 53,274 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Legacy Private Trust Co. raised its position in Invesco BulletShares 2029 Municipal Bond ETF by 109.9% in the 4th quarter. Legacy Private Trust Co. now owns 58,401 shares of the company’s stock worth $1,352,000 after buying an additional 30,580 shares during the last quarter. UBS Group AG grew its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 29.9% in the fourth quarter. UBS Group AG now owns 180,590 shares of the company’s stock worth $4,181,000 after acquiring an additional 41,558 shares during the period. Hills Bank & Trust Co grew its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 10.8% in the fourth quarter. Hills Bank & Trust Co now owns 633,116 shares of the company’s stock worth $14,657,000 after acquiring an additional 61,687 shares during the period. Elequin Capital LP purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the third quarter valued at approximately $936,000. Finally, Avior Wealth Management LLC lifted its position in Invesco BulletShares 2029 Municipal Bond ETF by 13.2% during the fourth quarter. Avior Wealth Management LLC now owns 201,830 shares of the company’s stock valued at $4,672,000 after purchasing an additional 23,576 shares during the period.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

NASDAQ:BSMT opened at $23.03 on Friday. The company’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 has a 52 week low of $22.67 and a 52 week high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.0534 per share. The ex-dividend date was Monday, June 22nd. This represents a c) annualized dividend and a yield of 2.8%. This is a positive change 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.