Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) Short Interest Update

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) was the target of a significant increase in short interest in 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 28,880 shares, the days-to-cover ratio is currently 0.7 days.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

NASDAQ:BSMT opened at $23.00 on Thursday. Invesco BulletShares 2029 Municipal Bond ETF has a 12-month low of $21.87 and a 12-month high of $23.41. The firm has a 50-day moving average price of $23.27 and a 200 day moving average price of $23.18.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 27th. Stockholders 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) annualized dividend and a dividend yield of 2.7%. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On Invesco BulletShares 2029 Municipal Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in Invesco BulletShares 2029 Municipal Bond ETF by 18.4% in the 1st quarter. Royal Bank of Canada now owns 11,037 shares of the company’s stock valued at $251,000 after buying an additional 1,717 shares in the last quarter. Focus Partners Wealth raised its stake in Invesco BulletShares 2029 Municipal Bond ETF by 10.4% during the first quarter. Focus Partners Wealth now owns 47,213 shares of the company’s stock worth $1,074,000 after acquiring an additional 4,454 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 91.7% during the second quarter. JPMorgan Chase & Co. now owns 7,461 shares of the company’s stock valued at $169,000 after acquiring an additional 3,569 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 19.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 69,334 shares of the company’s stock valued at $1,575,000 after acquiring an additional 11,098 shares during the period. Finally, VestGen Advisors LLC boosted its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 5.8% in the 2nd quarter. VestGen Advisors LLC now owns 139,894 shares of the company’s stock valued at $3,203,000 after purchasing an additional 7,636 shares in 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.