Short Interest in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Drops By 64.0%

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a large decrease in short interest in the month of 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. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 53,274 shares, the days-to-cover ratio is presently 0.8 days.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

Shares of BSMT opened at $23.03 on Friday. Invesco BulletShares 2029 Municipal Bond ETF has a one year low of $22.67 and a one year high of $23.41. The business has a fifty day moving average of $23.07 and a 200 day moving average of $23.16.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The company also recently declared 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) dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Legacy Private Trust Co. increased its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 109.9% during the fourth quarter. Legacy Private Trust Co. now owns 58,401 shares of the company’s stock valued at $1,352,000 after buying an additional 30,580 shares during the last quarter. UBS Group AG boosted its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 29.9% during the 4th 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 last quarter. Hills Bank & Trust Co grew its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 10.8% during the 4th quarter. Hills Bank & Trust Co now owns 633,116 shares of the company’s stock valued at $14,657,000 after acquiring an additional 61,687 shares during the period. Elequin Capital LP bought a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 3rd quarter valued at $936,000. Finally, Avior Wealth Management LLC increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 13.2% in the 4th quarter. Avior Wealth Management LLC now owns 201,830 shares of the company’s stock worth $4,672,000 after purchasing an additional 23,576 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.