Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Update

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 33,300 shares, an increase of 20.7% from the June 30th total of 27,600 shares. Based on an average trading volume of 25,800 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BSMT. Hills Bank & Trust Co raised its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 2.0% in the 2nd quarter. Hills Bank & Trust Co now owns 241,536 shares of the company’s stock worth $5,535,000 after acquiring an additional 4,789 shares in the last quarter. Confluence Investment Management LLC bought a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 1st quarter worth approximately $2,917,000. Key Financial Inc raised its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 11.3% in the 2nd quarter. Key Financial Inc now owns 102,582 shares of the company’s stock worth $2,351,000 after acquiring an additional 10,410 shares in the last quarter. Sterling Financial Group Inc. raised its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 3.7% in the 2nd quarter. Sterling Financial Group Inc. now owns 89,805 shares of the company’s stock worth $2,058,000 after acquiring an additional 3,171 shares in the last quarter. Finally, Atlantic Union Bankshares Corp raised its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 15.9% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 76,797 shares of the company’s stock worth $1,760,000 after acquiring an additional 10,560 shares in the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Trading Up 0.1 %

Shares of NASDAQ BSMT traded up $0.03 during midday trading on Tuesday, reaching $23.06. The company had a trading volume of 31,641 shares, compared to its average volume of 29,924. The firm’s fifty day moving average price is $22.98 and its 200-day moving average price is $23.13. Invesco BulletShares 2029 Municipal Bond ETF has a one year low of $21.80 and a one year high of $23.59.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 22nd were given a dividend of $0.056 per share. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date was Monday, July 22nd. This represents a $0.67 dividend on an annualized basis and a yield of 2.91%.

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.