Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Sees Large Decrease in Short Interest

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 10,529 shares, a drop of 77.4% from the January 29th total of 46,564 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 33,918 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 33,918 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Invesco BulletShares 2029 Municipal Bond ETF Trading Down 0.0%

Shares of NASDAQ BSMT opened at $23.35 on Thursday. Invesco BulletShares 2029 Municipal Bond ETF has a twelve month low of $21.87 and a twelve month high of $23.41. The stock has a 50 day moving average of $23.26 and a two-hundred day moving average of $23.13.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 23rd will be given a $0.05 dividend. The ex-dividend date is Monday, February 23rd. This represents a c) annualized dividend and a yield of 2.6%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BSMT. Coastline Complete Wealth LLC purchased a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF in the fourth quarter valued at about $1,595,000. Invesco Ltd. grew its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 17.1% during the fourth 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. NewEdge Advisors LLC increased its position in Invesco BulletShares 2029 Municipal Bond ETF by 9.4% in the 4th quarter. NewEdge Advisors LLC now owns 171,018 shares of the company’s stock valued at $3,959,000 after acquiring an additional 14,730 shares during the period. Cetera Investment Advisers increased its position in Invesco BulletShares 2029 Municipal Bond ETF by 86.9% in the 4th quarter. Cetera Investment Advisers now owns 22,612 shares of the company’s stock valued at $523,000 after acquiring an additional 10,512 shares during the period. Finally, Equitable Holdings Inc. raised its stake in Invesco BulletShares 2029 Municipal Bond ETF by 1.7% during the 4th quarter. Equitable Holdings Inc. now owns 36,275 shares of the company’s stock valued at $840,000 after acquiring an additional 623 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.