Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Sees Significant Decline in Short Interest

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 15,054 shares, a decline of 51.9% from the August 31st total of 31,318 shares. Based on an average daily trading volume, of 88,255 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Invesco BulletShares 2028 Municipal Bond ETF Trading Up 0.7%

Shares of NASDAQ:BSMS traded up $0.16 during trading on Wednesday, hitting $22.80. The company’s stock had a trading volume of 176,332 shares, compared to its average volume of 59,357. Invesco BulletShares 2028 Municipal Bond ETF has a fifty-two week low of $22.63 and a fifty-two week high of $23.70. The stock’s 50-day moving average price is $23.26 and its two-hundred day moving average price is $23.37.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

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

Institutional Trading of Invesco BulletShares 2028 Municipal Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC lifted its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 244.8% during the first quarter. Private Advisor Group LLC now owns 30,973 shares of the company’s stock worth $725,000 after purchasing an additional 21,991 shares during the last quarter. Carnegie Investment Counsel bought a new stake in Invesco BulletShares 2028 Municipal Bond ETF in the first quarter valued at about $540,000. Bank of America Corp DE raised its stake in Invesco BulletShares 2028 Municipal Bond ETF by 13.8% during the first 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. Kinetic Wealth Investment Advisors LLC acquired a new stake in Invesco BulletShares 2028 Municipal Bond ETF during the second quarter valued at approximately $2,121,000. Finally, Coastline Complete Wealth LLC bought a new position in Invesco BulletShares 2028 Municipal Bond ETF during the 4th quarter worth approximately $1,682,000.

Invesco BulletShares 2028 Municipal Bond ETF Company Profile

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.