Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Up 29.4% in January

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 46,564 shares, a growth of 29.4% from the January 15th total of 35,984 shares. Based on an average daily volume of 55,154 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 55,154 shares, the short-interest ratio is currently 0.8 days.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

BSMT stock opened at $23.37 on Wednesday. The business’s 50-day moving average price is $23.23 and its 200-day moving average price is $23.11. Invesco BulletShares 2029 Municipal Bond ETF has a twelve month low of $21.87 and a twelve month high of $23.40.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.0508 per share. 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 2.6%. The ex-dividend date of this dividend was Tuesday, January 20th.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 1,260.5% during the 4th 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 in the last quarter. Hills Bank & Trust Co raised its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 90.4% during the second quarter. Hills Bank & Trust Co now owns 610,608 shares of the company’s stock valued at $13,867,000 after acquiring an additional 289,878 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the fourth quarter valued at about $3,920,000. Sterling Financial Group Inc. boosted its stake in shares of 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 during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the fourth quarter worth about $2,067,000.

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.