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 large 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. 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.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

BSMT traded up $0.09 during midday trading on Friday, reaching $22.75. The company’s stock had a trading volume of 159,918 shares, compared to its average volume of 45,323. Invesco BulletShares 2029 Municipal Bond ETF has a twelve month low of $22.62 and a twelve month high of $23.45. The company has a fifty day simple moving average of $23.00 and a 200 day simple moving average of $23.07.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.0539 per share. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Several hedge funds have recently made changes to their positions in the stock. MML Investors Services LLC increased its stake 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. Jones Financial Companies Lllp grew its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 22.4% during the 4th quarter. Jones Financial Companies Lllp now owns 5,271 shares of the company’s stock worth $121,000 after purchasing an additional 966 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the fourth quarter valued at approximately $244,000. AlphaStar Capital Management LLC acquired a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the fourth quarter valued at $1,167,000. Finally, HighTower Advisors LLC bought a new position in Invesco BulletShares 2029 Municipal Bond ETF in the third quarter worth $2,453,000.

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.