Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Stock Short Interest Jumps 182.5%

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 42,529 shares, a growth of 182.5% from the September 15th total of 15,054 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 112,802 shares, the short-interest ratio is currently 0.4 days.

Invesco BulletShares 2028 Municipal Bond ETF Trading Up 0.4%

Shares of BSMS stock opened at $22.99 on Wednesday. Invesco BulletShares 2028 Municipal Bond ETF has a 52 week low of $22.63 and a 52 week high of $23.70. The company’s fifty day simple moving average is $23.17 and its two-hundred day simple moving average is $23.33.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.0535 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.8%. This is a negative change from Invesco BulletShares 2028 Municipal Bond ETF’s previous monthly dividend of $0.0583. The ex-dividend date of this dividend was Monday, September 21st.

Institutional Investors Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

A number of hedge funds have recently made changes to their positions in BSMS. Bank of America Corp DE grew its holdings in Invesco BulletShares 2028 Municipal Bond ETF by 13.8% during the 1st quarter. Bank of America Corp DE now owns 292,733 shares of the company’s stock valued at $6,848,000 after buying an additional 35,458 shares in the last quarter. NewEdge Advisors LLC increased its stake in Invesco BulletShares 2028 Municipal Bond ETF by 6.9% in the 2nd quarter. NewEdge Advisors LLC now owns 221,808 shares of the company’s stock worth $5,199,000 after acquiring an additional 14,255 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 7.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 167,429 shares of the company’s stock worth $3,925,000 after acquiring an additional 11,402 shares in the last quarter. Coastline Complete Wealth LLC raised its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 132.9% during the 1st quarter. Coastline Complete Wealth LLC now owns 166,667 shares of the company’s stock worth $3,899,000 after acquiring an additional 95,112 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. purchased a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the 1st quarter worth approximately $3,237,000.

About Invesco BulletShares 2028 Municipal Bond ETF

The Invesco BulletShares 2028 Municipal Bond ETF (BSMS) 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 2028. BSMS was launched on Sep 25, 2019 and is managed by Invesco.