Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Down 19.5% in February

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 8,481 shares, a decrease of 19.5% from the February 12th total of 10,529 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 29,201 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 29,201 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in BSMT. PNC Financial Services Group Inc. raised its position in Invesco BulletShares 2029 Municipal Bond ETF by 24.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock worth $62,000 after acquiring an additional 520 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 680.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,362 shares of the company’s stock worth $78,000 after purchasing an additional 2,931 shares during the last quarter. Anchor Investment Management LLC raised its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 300.0% in the 4th quarter. Anchor Investment Management LLC now owns 4,000 shares of the company’s stock worth $93,000 after purchasing an additional 3,000 shares during the period. ORG Partners LLC purchased a new position in Invesco BulletShares 2029 Municipal Bond ETF in the third quarter valued at approximately $141,000. Finally, Capital Analysts LLC purchased a new position in Invesco BulletShares 2029 Municipal Bond ETF in the fourth quarter valued at approximately $156,000.

Invesco BulletShares 2029 Municipal Bond ETF Stock Up 0.0%

Shares of NASDAQ BSMT traded up $0.01 during midday trading on Tuesday, reaching $23.24. The stock had a trading volume of 19,321 shares, compared to its average volume of 39,384. The company’s 50 day moving average price is $23.29 and its 200 day moving average price is $23.17. Invesco BulletShares 2029 Municipal Bond ETF has a twelve month low of $21.87 and a twelve month high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were paid a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, February 23rd.

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.