Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Shares Shorted: Short Interest Up 83.1% in October

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 88,606 shares, an increase of 83.1% from the September 30th total of 48,379 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 152,424 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Investment Advisory LLC lifted its stake 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 valued at $31,000 after acquiring an additional 650 shares during the last quarter. Foundry Financial Group Inc. increased its stake in Invesco BulletShares 2029 Municipal Bond ETF by 13.5% in the 3rd quarter. Foundry Financial Group Inc. now owns 11,107 shares of the company’s stock worth $247,000 after purchasing an additional 1,320 shares during the period. River Street Advisors LLC lifted its position in Invesco BulletShares 2029 Municipal Bond ETF by 18.1% in the third quarter. River Street Advisors LLC now owns 12,413 shares of the company’s stock valued at $276,000 after purchasing an additional 1,900 shares during the last quarter. Western Wealth Management LLC bought a new stake in Invesco BulletShares 2029 Municipal Bond ETF in the first quarter valued at approximately $51,000. Finally, Sanctuary Advisors LLC lifted its position in Invesco BulletShares 2029 Municipal Bond ETF by 6.1% in the first quarter. Sanctuary Advisors LLC now owns 39,134 shares of the company’s stock valued at $901,000 after purchasing an additional 2,265 shares during the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Stock Up 0.1%

NASDAQ BSMT traded up $0.03 on Friday, reaching $22.73. 47,445 shares of the company’s stock traded hands, compared to its average volume of 59,641. Invesco BulletShares 2029 Municipal Bond ETF has a 12 month low of $22.03 and a 12 month high of $23.41. The stock has a 50-day simple moving average of $22.57 and a 200 day simple moving average of $22.98.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were paid a $0.0553 dividend. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.0519. The ex-dividend date of this dividend was Monday, October 19th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.9%.

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.