Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Sees Large Increase in Short Interest

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 48,379 shares, a growth of 471.5% from the September 15th total of 8,465 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 133,005 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Investment Advisory LLC raised its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 92.9% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,350 shares of the company’s stock worth $31,000 after acquiring an additional 650 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the first quarter valued at approximately $51,000. Anchor Investment Management LLC boosted its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 300.0% in the 4th quarter. Anchor Investment Management LLC now owns 4,000 shares of the company’s stock worth $93,000 after buying an additional 3,000 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter valued at about $107,000. Finally, Ascentis Independent Advisors bought a new stake in Invesco BulletShares 2029 Municipal Bond ETF during the first quarter valued at approximately $140,000.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

NASDAQ:BSMT opened at $22.36 on Friday. Invesco BulletShares 2029 Municipal Bond ETF has a 1-year low of $22.03 and a 1-year high of $23.41. The business has a 50 day moving average of $22.70 and a 200 day moving average of $22.92.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

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

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.