Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Up 318.0% in May

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a large increase in short interest during 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. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 90,825 shares, the short-interest ratio is currently 1.3 days.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Shares of NASDAQ BSMT traded down $0.02 during mid-day trading on Friday, reaching $23.07. 19,066 shares of the company traded hands, compared to its average volume of 43,486. The company’s fifty day moving average is $23.07 and its two-hundred day moving average is $23.16. Invesco BulletShares 2029 Municipal Bond ETF has a fifty-two week low of $22.61 and a fifty-two week high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The business also recently disclosed 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 represents a c) dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Institutional investors have recently made changes to their positions in the business. Harbor Investment Advisory LLC increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 92.9% in the first quarter. Harbor Investment Advisory LLC now owns 1,350 shares of the company’s stock worth $31,000 after purchasing an additional 650 shares during the period. Western Wealth Management LLC bought a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the first quarter worth about $51,000. PNC Financial Services Group Inc. increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 24.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock worth $62,000 after purchasing an additional 520 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 680.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,362 shares of the company’s stock worth $78,000 after purchasing an additional 2,931 shares during the period. Finally, Anchor Investment Management LLC increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 300.0% in the fourth quarter. Anchor Investment Management LLC now owns 4,000 shares of the company’s stock worth $93,000 after purchasing an additional 3,000 shares during the period.

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.