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 recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 19,590 shares, an increase of 131.0% from the February 26th total of 8,481 shares. Based on an average daily trading volume, of 28,880 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of Invesco BulletShares 2029 Municipal Bond ETF

Several large investors have recently bought and sold shares of BSMT. PNC Financial Services Group Inc. raised its holdings in shares of 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 buying an additional 520 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 680.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,362 shares of the company’s stock valued at $78,000 after buying an additional 2,931 shares during the last quarter. Anchor Investment Management LLC increased its position 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 valued at $93,000 after acquiring an additional 3,000 shares during the period. ORG Partners LLC acquired a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 3rd quarter valued at $141,000. Finally, Capital Analysts LLC purchased a new position in Invesco BulletShares 2029 Municipal Bond ETF in the 4th quarter worth $156,000.

Invesco BulletShares 2029 Municipal Bond ETF Trading Down 0.1%

Invesco BulletShares 2029 Municipal Bond ETF stock opened at $22.95 on Friday. The stock has a 50-day moving average of $23.26 and a two-hundred day moving average of $23.18. Invesco BulletShares 2029 Municipal Bond ETF has a one year low of $21.87 and a one year high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.0518 dividend. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly 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.