Short Interest in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Expands By 352.5%

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 27,600 shares, a growth of 352.5% from the June 15th total of 6,100 shares. Based on an average daily trading volume, of 22,100 shares, the days-to-cover ratio is presently 1.2 days.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

Shares of NASDAQ BSMT traded up $0.07 during midday trading on Thursday, hitting $23.11. 14,156 shares of the stock traded hands, compared to its average volume of 27,856. The firm has a 50-day moving average of $22.97 and a two-hundred day moving average of $23.17. Invesco BulletShares 2029 Municipal Bond ETF has a one year low of $21.80 and a one year high of $23.59.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a dividend of $0.0559 per share. This represents a $0.67 annualized dividend and a dividend yield of 2.90%. This is a boost from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Monday, June 24th.

Hedge Funds Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Key Financial Inc increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 17.8% in the 4th quarter. Key Financial Inc now owns 80,739 shares of the company’s stock worth $1,897,000 after purchasing an additional 12,210 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 5.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,506 shares of the company’s stock worth $388,000 after purchasing an additional 887 shares in the last quarter. Hills Bank & Trust Co increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 124.9% in the 4th quarter. Hills Bank & Trust Co now owns 236,215 shares of the company’s stock worth $5,550,000 after purchasing an additional 131,171 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 4th quarter worth $363,000. Finally, Atlantic Union Bankshares Corp increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 31.4% in the 4th quarter. Atlantic Union Bankshares Corp now owns 62,608 shares of the company’s stock worth $1,471,000 after purchasing an additional 14,956 shares in the last quarter.

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.