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

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target 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. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 64,100 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank bought 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 in the last quarter. Principal Securities Inc. purchased a new position in Invesco BulletShares 2029 Municipal Bond ETF during the fourth quarter valued at $94,000. First Command Advisory Services Inc. lifted its position 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 valued at $95,000 after purchasing an additional 580 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in 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 valued at $121,000 after purchasing an additional 966 shares in the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Trading Down 0.3 %

Shares of BSMT traded down $0.07 on Wednesday, reaching $22.99. The stock had a trading volume of 10,426 shares, compared to its average volume of 57,592. The company has a 50-day simple moving average of $23.00 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 announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were paid a $0.0533 dividend. The ex-dividend date was Monday, February 24th. This is a boost from Invesco BulletShares 2029 Municipal Bond ETF’s previous dividend of $0.05.

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.