Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Up 242.5% in February

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 100,000 shares, an increase of 242.5% from the January 31st total of 29,200 shares. Based on an average daily volume of 63,700 shares, the short-interest ratio is currently 1.6 days.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

NASDAQ:BSMT opened at $23.20 on Friday. The business has a 50 day simple moving average of $22.98 and a 200 day simple moving average of $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 company also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were issued a dividend of $0.0533 per share. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous dividend of $0.05. The ex-dividend date was Monday, February 24th.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

A number of large investors have recently modified their holdings of the company. Toronto Dominion Bank acquired a new position in Invesco BulletShares 2029 Municipal Bond ETF during the 4th quarter valued at about $72,000. JPMorgan Chase & Co. lifted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 2,891.5% in 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 period. Principal Securities Inc. bought a new position in Invesco BulletShares 2029 Municipal Bond ETF during the fourth quarter valued at about $94,000. First Command Advisory Services Inc. grew its holdings 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 acquiring an additional 580 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 22.4% in the 4th 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 last quarter.

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.