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

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

Invesco BulletShares 2029 Municipal Bond ETF Stock Up 0.2 %

BSMT traded up $0.04 during midday trading on Friday, reaching $23.18. 12,069 shares of the company’s stock were exchanged, compared to its average volume of 60,061. The business has a 50-day simple moving average of $22.97 and a two-hundred day simple moving average of $23.10. Invesco BulletShares 2029 Municipal Bond ETF has a one year low of $22.70 and a one year high of $23.45.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 24th will be given a $0.0533 dividend. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Invesco BulletShares 2029 Municipal Bond ETF’s previous dividend of $0.05.

Hedge Funds Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank bought a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF during the fourth quarter worth $72,000. JPMorgan Chase & Co. raised its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 2,891.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,500 shares of the company’s stock valued at $80,000 after acquiring an additional 3,383 shares in the last quarter. Principal Securities Inc. acquired a new position in Invesco BulletShares 2029 Municipal Bond ETF during the fourth quarter valued at approximately $94,000. First Command Advisory Services Inc. increased its position in 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 worth $95,000 after purchasing 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 fourth quarter. Jones Financial Companies Lllp now owns 5,271 shares of the company’s stock worth $121,000 after purchasing 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.