Short Interest in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Drops By 80.5%

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 19,500 shares, a decline of 80.5% from the February 13th total of 100,000 shares. Based on an average trading volume of 64,100 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Shares of NASDAQ BSMT traded down $0.07 during trading on Wednesday, reaching $22.99. 10,426 shares of the company traded hands, compared to its average volume of 57,592. The firm’s fifty day simple moving average is $23.00 and its 200 day simple moving average is $23.10. Invesco BulletShares 2029 Municipal Bond ETF has a 12-month low of $22.70 and a 12-month high of $23.45.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were paid a $0.0533 dividend. The ex-dividend date was Monday, February 24th. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous dividend of $0.05.

Hedge Funds Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Toronto Dominion Bank purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 4th quarter valued at about $72,000. Focus Partners Wealth purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 4th quarter valued at about $981,000. Captrust Financial Advisors increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 2.6% in the 4th quarter. Captrust Financial Advisors now owns 19,119 shares of the company’s stock valued at $439,000 after purchasing an additional 480 shares in the last quarter. Bank of America Corp DE boosted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 2.5% in the 4th quarter. Bank of America Corp DE now owns 187,394 shares of the company’s stock worth $4,299,000 after buying an additional 4,659 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 10.6% in the 4th quarter. Ameriprise Financial Inc. now owns 311,982 shares of the company’s stock worth $7,157,000 after buying an additional 30,004 shares during the last quarter.

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.