Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Up 131.0% in March

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 19,590 shares, a growth of 131.0% from the February 26th total of 8,481 shares. Based on an average daily volume of 28,880 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the shares of the stock are sold short.

Invesco BulletShares 2029 Municipal Bond ETF Trading Down 0.1%

Shares of Invesco BulletShares 2029 Municipal Bond ETF stock traded down $0.03 during trading on Friday, hitting $22.95. The stock had a trading volume of 38,616 shares, compared to its average volume of 38,505. Invesco BulletShares 2029 Municipal Bond ETF has a 12 month low of $21.87 and a 12 month high of $23.41. The business’s 50-day moving average is $23.26 and its 200 day moving average is $23.18.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be paid a $0.0518 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 2.7%. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

A number of large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 1,260.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,660 shares of the company’s stock worth $24,068,000 after purchasing an additional 963,241 shares during the last quarter. Hills Bank & Trust Co grew its stake in Invesco BulletShares 2029 Municipal Bond ETF by 10.8% in the 4th quarter. Hills Bank & Trust Co now owns 633,116 shares of the company’s stock worth $14,657,000 after buying an additional 61,687 shares in the last quarter. Wells Fargo & Company MN grew its stake in Invesco BulletShares 2029 Municipal Bond ETF by 5.0% in the 4th quarter. Wells Fargo & Company MN now owns 579,299 shares of the company’s stock worth $13,411,000 after buying an additional 27,762 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 17.1% in the 4th quarter. Invesco Ltd. now owns 280,320 shares of the company’s stock worth $6,489,000 after buying an additional 40,970 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 9.6% in the 4th quarter. LPL Financial LLC now owns 271,820 shares of the company’s stock worth $6,293,000 after buying an additional 23,866 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.