Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Update

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 73,557 shares, a growth of 107.9% from the July 30th total of 35,378 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 39,362 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 1,260.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,660 shares of the company’s stock valued at $24,068,000 after buying an additional 963,241 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Invesco BulletShares 2029 Municipal Bond ETF during the 4th quarter valued at $3,920,000. Sterling Financial Group Inc. boosted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 123.8% during the 3rd quarter. Sterling Financial Group Inc. now owns 206,991 shares of the company’s stock valued at $4,781,000 after acquiring an additional 114,491 shares during the period. Jane Street Group LLC purchased a new position in Invesco BulletShares 2029 Municipal Bond ETF during the 4th quarter valued at $2,067,000. Finally, Financial Solutions Advisory Group Inc. bought a new position in Invesco BulletShares 2029 Municipal Bond ETF in the 1st quarter valued at $1,670,000.

Invesco BulletShares 2029 Municipal Bond ETF Stock Down 0.1%

BSMT stock opened at $22.91 on Friday. Invesco BulletShares 2029 Municipal Bond ETF has a 12 month low of $22.78 and a 12 month high of $23.41. The company has a 50-day moving average price of $22.99 and a 200 day moving average price of $23.09.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a $0.0552 dividend. The ex-dividend date of this dividend was Monday, August 24th. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a yield of 2.9%.

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.