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

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 19,700 shares, an increase of 44.9% from the October 15th total of 13,600 shares. Based on an average trading volume of 50,300 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Hedge funds have recently bought and sold shares of the business. Addison Advisors LLC boosted its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 4.0% during the 3rd quarter. Addison Advisors LLC now owns 20,440 shares of the company’s stock worth $476,000 after acquiring an additional 780 shares in the last quarter. MML Investors Services LLC boosted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 8.8% during the third quarter. MML Investors Services LLC now owns 13,081 shares of the company’s stock valued at $304,000 after acquiring an additional 1,062 shares during the period. Farmers National Bank boosted its stake in Invesco BulletShares 2029 Municipal Bond ETF by 2.6% during the 2nd quarter. Farmers National Bank now owns 43,319 shares of the company’s stock valued at $993,000 after purchasing an additional 1,112 shares during the period. First Command Advisory Services Inc. lifted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 81.8% during the second quarter. First Command Advisory Services Inc. now owns 3,566 shares of the company’s stock worth $82,000 after buying an additional 1,605 shares during the last quarter. Finally, Asset Dedication LLC boosted its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 7.0% in the second quarter. Asset Dedication LLC now owns 32,716 shares of the company’s stock valued at $750,000 after acquiring an additional 2,138 shares during the period.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

NASDAQ BSMT traded up $0.05 during trading on Friday, reaching $23.10. The company’s stock had a trading volume of 17,841 shares, compared to its average volume of 35,515. Invesco BulletShares 2029 Municipal Bond ETF has a 1-year low of $22.59 and a 1-year high of $23.59. The business has a 50-day moving average price of $23.17 and a 200-day moving average price of $23.09.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were issued a $0.055 dividend. The ex-dividend date of this dividend was Monday, October 21st. This is a boost from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a $0.66 dividend on an annualized basis and a yield of 2.86%.

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.