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 decline in short interest in the month of February. As of February 13th, there was short interest totaling 10,529 shares, a decline 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 volume of 33,918 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 33,918 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Invesco BulletShares 2029 Municipal Bond ETF Stock Down 0.0%

Shares of NASDAQ BSMT opened at $23.35 on Thursday. The stock has a fifty day moving average price of $23.26 and a 200 day moving average price of $23.13. Invesco BulletShares 2029 Municipal Bond ETF has a 1-year low of $21.87 and a 1-year high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 24.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock worth $62,000 after purchasing an additional 520 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in 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 period. ORG Partners LLC purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the 3rd quarter worth approximately $141,000. Capital Analysts LLC acquired a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 4th quarter valued at approximately $156,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 91.7% in the second quarter. JPMorgan Chase & Co. now owns 7,461 shares of the company’s stock valued at $169,000 after buying an additional 3,569 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.