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

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 49,637 shares, a growth of 84.0% from the November 30th total of 26,978 shares. Based on an average daily trading volume, of 30,724 shares, the short-interest ratio is presently 1.6 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 30,724 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BSMT. Farmers National Bank increased its position in Invesco BulletShares 2029 Municipal Bond ETF by 3.1% during the 3rd quarter. Farmers National Bank now owns 49,604 shares of the company’s stock worth $1,146,000 after purchasing an additional 1,509 shares during the period. NewEdge Advisors LLC grew its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 5.4% during the third quarter. NewEdge Advisors LLC now owns 156,288 shares of the company’s stock worth $3,610,000 after acquiring an additional 8,003 shares during the period. Sterling Financial Group Inc. raised its position in Invesco BulletShares 2029 Municipal Bond ETF by 123.8% in the third quarter. Sterling Financial Group Inc. now owns 206,991 shares of the company’s stock worth $4,781,000 after acquiring an additional 114,491 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Invesco BulletShares 2029 Municipal Bond ETF by 10.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 76,419 shares of the company’s stock worth $1,765,000 after acquiring an additional 7,085 shares in the last quarter. Finally, Lido Advisors LLC lifted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 62.3% in the third quarter. Lido Advisors LLC now owns 95,600 shares of the company’s stock valued at $2,208,000 after acquiring an additional 36,700 shares during the period.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Shares of BSMT stock opened at $23.13 on Friday. The stock’s 50-day moving average price is $23.10 and its 200 day moving average price is $22.97. Invesco BulletShares 2029 Municipal Bond ETF has a 52-week low of $21.87 and a 52-week high of $23.28.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

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

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.