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

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 16,200 shares, an increase of 95.2% from the May 15th total of 8,300 shares. Based on an average trading volume of 23,100 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Large investors have recently added to or reduced their stakes in the business. First Command Advisory Services Inc. purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter worth $46,000. Comerica Bank grew its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 278.1% during the first quarter. Comerica Bank now owns 4,911 shares of the company’s stock valued at $114,000 after purchasing an additional 3,612 shares during the period. Valicenti Advisory Services Inc. purchased a new stake in Invesco BulletShares 2029 Municipal Bond ETF in the fourth quarter worth about $200,000. Raymond James & Associates bought a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the fourth quarter worth about $209,000. Finally, Sentinel Pension Advisors Inc. purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter valued at about $213,000.

Invesco BulletShares 2029 Municipal Bond ETF Trading Up 0.1 %

NASDAQ:BSMT traded up $0.02 on Friday, hitting $23.10. The stock had a trading volume of 23,269 shares, compared to its average volume of 28,201. The business’s 50-day simple moving average is $22.97 and its two-hundred day simple moving average is $23.20. Invesco BulletShares 2029 Municipal Bond ETF has a 52-week low of $21.80 and a 52-week high of $23.59.

Invesco BulletShares 2029 Municipal Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 24th. Investors of record on Tuesday, May 21st were issued a $0.0551 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, May 20th.

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.