Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Down 71.1% in December

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 14,351 shares, a drop of 71.1% from the December 15th total of 49,637 shares. Based on an average trading volume of 77,724 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 77,724 shares, the short-interest ratio is presently 0.2 days.

Invesco BulletShares 2029 Municipal Bond ETF Stock Up 0.1%

BSMT traded up $0.02 on Tuesday, hitting $23.27. The company had a trading volume of 26,385 shares, compared to its average volume of 52,586. Invesco BulletShares 2029 Municipal Bond ETF has a 1-year low of $21.87 and a 1-year high of $23.28. The company’s fifty day moving average price is $23.13 and its 200 day moving average price is $23.02.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.0497 dividend. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 18.4% in the first quarter. Royal Bank of Canada now owns 11,037 shares of the company’s stock worth $251,000 after purchasing an additional 1,717 shares during the period. Focus Partners Wealth grew its holdings 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 buying an additional 4,454 shares during the last quarter. Legacy Private Trust Co. bought a new position in Invesco BulletShares 2029 Municipal Bond ETF in the 2nd quarter worth approximately $326,000. Wealth Enhancement Advisory Services LLC bought a new position in Invesco BulletShares 2029 Municipal Bond ETF in the 2nd quarter worth approximately $206,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the second quarter worth approximately $34,000.

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.