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

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

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Shares of NASDAQ:BSMT opened at $22.66 on Friday. The business 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 twelve month low of $22.62 and a twelve month high of $23.45.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

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

Hedge Funds Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

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

Invesco BulletShares 2029 Municipal Bond ETF Company Profile

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.