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 decrease in short interest in the month of March. As of March 15th, there was short interest totalling 7,600 shares, a decrease of 61.0% from the February 28th total of 19,500 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 64,300 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

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

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

BSMT stock traded up $0.09 during midday trading on Friday, reaching $22.75. The company had a trading volume of 159,918 shares, compared to its average volume of 45,323. The stock has a 50 day moving average price of $23.00 and a 200 day moving average price of $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 business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.0539 per share. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous dividend of $0.05.

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.