Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Sees Significant Growth in Short Interest

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 28,900 shares, a growth of 43.1% from the November 15th total of 20,200 shares. Based on an average daily trading volume, of 48,900 shares, the short-interest ratio is presently 0.6 days.

Invesco BulletShares 2029 Municipal Bond ETF Stock Down 0.3 %

BSMT traded down $0.07 on Friday, reaching $23.14. The stock had a trading volume of 16,938 shares, compared to its average volume of 36,219. The business’s 50-day moving average price is $23.13 and its two-hundred day moving average price is $23.12. Invesco BulletShares 2029 Municipal Bond ETF has a 12-month low of $22.70 and a 12-month high of $23.59.

Invesco BulletShares 2029 Municipal Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 18th were given a dividend of $0.0524 per share. The ex-dividend date of this dividend was Monday, November 18th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank raised its position in Invesco BulletShares 2029 Municipal Bond ETF by 278.1% during the first quarter. Comerica Bank now owns 4,911 shares of the company’s stock worth $114,000 after acquiring an additional 3,612 shares during the period. MONECO Advisors LLC purchased a new position in Invesco BulletShares 2029 Municipal Bond ETF in the 2nd quarter valued at about $631,000. Hobbs Group Advisors LLC acquired a new stake in Invesco BulletShares 2029 Municipal Bond ETF in the 2nd quarter worth about $702,000. Precedent Wealth Partners LLC increased its stake in Invesco BulletShares 2029 Municipal Bond ETF by 16.8% during the 2nd quarter. Precedent Wealth Partners LLC now owns 58,577 shares of the company’s stock worth $1,342,000 after buying an additional 8,446 shares in the last quarter. Finally, Atlantic Union Bankshares Corp raised its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 15.9% during the second quarter. Atlantic Union Bankshares Corp now owns 76,797 shares of the company’s stock valued at $1,760,000 after acquiring an additional 10,560 shares during the last quarter.

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.