Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Sees Significant Decline in Short Interest

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 7,600 shares, a decrease of 61.0% from the February 28th total of 19,500 shares. Based on an average daily volume of 64,300 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Invesco BulletShares 2029 Municipal Bond ETF Trading Down 0.4 %

Shares of BSMT stock opened at $22.71 on Thursday. The firm’s fifty day moving average price is $23.01 and its two-hundred day moving average price is $23.08. Invesco BulletShares 2029 Municipal Bond ETF has a 1 year low of $22.70 and a 1 year high of $23.45.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a $0.0539 dividend. The ex-dividend date is Monday, March 24th. This is a boost from Invesco BulletShares 2029 Municipal Bond ETF’s previous dividend of $0.05.

Institutional Investors Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Several hedge funds have recently bought and sold shares of BSMT. Atlantic Union Bankshares Corp lifted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 34.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 102,987 shares of the company’s stock worth $2,397,000 after acquiring an additional 26,190 shares during the period. HighTower Advisors LLC bought a new position in Invesco BulletShares 2029 Municipal Bond ETF during the 3rd quarter worth approximately $2,453,000. Integrated Wealth Concepts LLC lifted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 21.7% in the third quarter. Integrated Wealth Concepts LLC now owns 24,351 shares of the company’s stock valued at $567,000 after buying an additional 4,341 shares during the period. MML Investors Services LLC lifted its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 8.8% in the 3rd quarter. MML Investors Services LLC now owns 13,081 shares of the company’s stock valued at $304,000 after purchasing an additional 1,062 shares during the period. Finally, Horizons Wealth Management grew its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 7.9% during the 4th quarter. Horizons Wealth Management now owns 20,556 shares of the company’s stock worth $472,000 after buying an additional 1,507 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.