Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Shares Shorted: Short Interest Down 85.5% in September

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

Invesco BulletShares 2029 Municipal Bond ETF Trading Down 0.2%

NASDAQ BSMT traded down $0.05 during trading on Friday, reaching $22.26. The company’s stock had a trading volume of 90,720 shares, compared to its average volume of 48,946. The business’s fifty day moving average price is $22.82 and its 200-day moving average price is $22.99. Invesco BulletShares 2029 Municipal Bond ETF has a twelve month low of $22.22 and a twelve month high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

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

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 10.2% in the 1st quarter. Bank of America Corp DE now owns 291,824 shares of the company’s stock valued at $6,719,000 after purchasing an additional 27,076 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 8.5% during the second 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 during the last quarter. HighTower Advisors LLC raised its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 50.0% during the fourth 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 during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 14.1% during the second quarter. Integrated Wealth Concepts LLC now owns 154,554 shares of the company’s stock worth $3,559,000 after purchasing an additional 19,148 shares during the period. Finally, Lido Advisors LLC lifted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 11.3% during the fourth quarter. Lido Advisors LLC now owns 106,400 shares of the company’s stock worth $2,463,000 after purchasing an additional 10,800 shares during the period.

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.