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

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

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank purchased a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF in the fourth quarter worth $72,000. JPMorgan Chase & Co. lifted its position in 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 purchasing an additional 3,383 shares during the last quarter. Principal Securities Inc. purchased a new position in Invesco BulletShares 2029 Municipal Bond ETF in the 4th quarter worth approximately $94,000. First Command Advisory Services Inc. raised its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 16.3% during the 4th quarter. First Command Advisory Services Inc. now owns 4,146 shares of the company’s stock valued at $95,000 after buying an additional 580 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted 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 acquiring an additional 966 shares during the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Shares of NASDAQ BSMT opened at $22.97 on Friday. The stock’s 50 day moving average price is $23.00 and its 200-day moving average price is $23.10. Invesco BulletShares 2029 Municipal Bond ETF has a twelve month low of $22.70 and a twelve month high of $23.45.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were paid a $0.0533 dividend. 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.

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.