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

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 7,600 shares, a drop of 61.0% from the February 28th total of 19,500 shares. Based on an average daily volume of 64,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank bought a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 4th quarter valued at approximately $72,000. JPMorgan Chase & Co. boosted its stake in Invesco BulletShares 2029 Municipal Bond ETF by 2,891.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,500 shares of the company’s stock valued at $80,000 after buying an additional 3,383 shares in the last quarter. Principal Securities Inc. bought a new stake in Invesco BulletShares 2029 Municipal Bond ETF in the fourth quarter valued at $94,000. First Command Advisory Services Inc. grew its position in Invesco BulletShares 2029 Municipal Bond ETF by 16.3% in the fourth quarter. First Command Advisory Services Inc. now owns 4,146 shares of the company’s stock valued at $95,000 after acquiring an additional 580 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in Invesco BulletShares 2029 Municipal Bond ETF by 22.4% during the fourth quarter. Jones Financial Companies Lllp now owns 5,271 shares of the company’s stock worth $121,000 after acquiring an additional 966 shares in the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Trading Down 0.2 %

BSMT opened at $22.66 on Friday. The firm’s fifty day moving average price is $23.00 and its two-hundred day moving average price is $23.07. Invesco BulletShares 2029 Municipal Bond ETF has a fifty-two week low of $22.62 and a fifty-two week high of $23.45.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.0539 per share. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous dividend of $0.05. The ex-dividend date is Monday, March 24th.

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.