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

by · The Markets Daily

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Harbor Investment Advisory LLC boosted its holdings 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 worth $31,000 after purchasing an additional 650 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter valued at about $51,000. Fifth Third Bancorp purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter valued at about $107,000. Ascentis Independent Advisors purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter valued at about $140,000. Finally, Private Advisor Group LLC purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter valued at about $212,000.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

Invesco BulletShares 2029 Municipal Bond ETF stock traded up $0.03 during midday trading on Friday, hitting $22.73. 47,445 shares of the company’s stock were exchanged, compared to its average volume of 59,641. Invesco BulletShares 2029 Municipal Bond ETF has a 52-week low of $22.03 and a 52-week high of $23.41. The stock has a 50-day moving average price of $22.57 and a two-hundred day moving average price of $22.98.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were given a dividend of $0.0553 per share. This is a boost from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.0519. The ex-dividend date 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

(Get Free Report)

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.

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