Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Shares Shorted: Short Interest Up 471.5% in September

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

Invesco BulletShares 2029 Municipal Bond ETF Stock Up 0.4%

Shares of BSMT stock opened at $22.36 on Friday. The stock’s fifty day moving average price is $22.70 and its two-hundred day moving average price is $22.92. Invesco BulletShares 2029 Municipal Bond ETF has a fifty-two week low of $22.03 and a fifty-two week high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

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

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

A number of large investors have recently bought and sold shares of the business. Legacy Private Trust Co. bought a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 3rd quarter worth $1,445,000. Horizons Wealth Management bought a new position in Invesco BulletShares 2029 Municipal Bond ETF during the third quarter valued at about $518,000. Confluence Investment Management LLC bought a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 3rd quarter worth approximately $2,092,000. Anchor Investment Management LLC lifted its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 71.7% during the 2nd quarter. Anchor Investment Management LLC now owns 45,500 shares of the company’s stock valued at $1,048,000 after buying an additional 19,000 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in Invesco BulletShares 2029 Municipal Bond ETF by 14.1% during the second quarter. Integrated Wealth Concepts LLC now owns 154,554 shares of the company’s stock worth $3,559,000 after purchasing an additional 19,148 shares during the period.

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.