Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Stock Short Interest Falls 85.5%

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) saw a significant drop in short interest in 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 trading volume, of 80,124 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Anchor Investment Management LLC increased its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 562.5% during the first quarter. Anchor Investment Management LLC now owns 26,500 shares of the company’s stock valued at $610,000 after acquiring an additional 22,500 shares in the last quarter. Coastline Complete Wealth LLC purchased a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the fourth quarter valued at approximately $1,595,000. Wedmont Private Capital bought a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 2nd quarter worth $717,000. Clark Asset Management LLC grew its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 31.9% during the 1st quarter. Clark Asset Management LLC now owns 98,737 shares of the company’s stock valued at $2,273,000 after acquiring an additional 23,885 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in 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 valued at $4,634,000 after purchasing an additional 66,723 shares during the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Trading Down 0.2%

Shares of BSMT stock traded down $0.05 during trading on Friday, hitting $22.26. The company had a trading volume of 90,720 shares, compared to its average volume of 48,946. Invesco BulletShares 2029 Municipal Bond ETF has a one year low of $22.22 and a one year high of $23.41. The stock’s 50-day moving average price is $22.82 and its 200 day moving average price is $22.99.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

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

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.