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 increase in short interest in the month of May. As of May 29th, there was short interest totaling 116,708 shares, an increase of 318.0% from the May 14th total of 27,922 shares. Based on an average daily volume of 90,825 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

A number of large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 1,260.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,660 shares of the company’s stock worth $24,068,000 after buying an additional 963,241 shares in the last quarter. Hills Bank & Trust Co grew its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 10.8% during the fourth quarter. Hills Bank & Trust Co now owns 633,116 shares of the company’s stock worth $14,657,000 after buying an additional 61,687 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 5.0% during the fourth quarter. Wells Fargo & Company MN now owns 579,299 shares of the company’s stock worth $13,411,000 after buying an additional 27,762 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 10.2% during the first quarter. Bank of America Corp DE now owns 291,824 shares of the company’s stock worth $6,719,000 after buying an additional 27,076 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 17.1% during the fourth quarter. Invesco Ltd. now owns 280,320 shares of the company’s stock worth $6,489,000 after buying an additional 40,970 shares in the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Trading Down 0.1%

Shares of NASDAQ BSMT opened at $23.07 on Friday. Invesco BulletShares 2029 Municipal Bond ETF has a 52-week low of $22.61 and a 52-week high of $23.41. The company’s 50-day simple moving average is $23.07 and its 200-day simple moving average is $23.16.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.0545 per share. The ex-dividend date of this dividend was Monday, May 18th. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%.

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.