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 the month of 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. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 64,100 shares, the short-interest ratio is currently 0.3 days.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Invesco BulletShares 2029 Municipal Bond ETF stock opened at $22.98 on Thursday. The stock’s fifty day moving average price is $23.00 and its two-hundred day moving average price is $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 was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were paid a dividend of $0.0533 per share. 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

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