Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Short Interest Update

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BSMS. Invariant Investment Management raised its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 0.7% during the second quarter. Invariant Investment Management now owns 113,415 shares of the company’s stock worth $2,665,000 after purchasing an additional 767 shares during the last quarter. Farmers National Bank lifted its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 2.0% during the 4th quarter. Farmers National Bank now owns 53,848 shares of the company’s stock valued at $1,265,000 after buying an additional 1,065 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the first quarter worth about $51,000. Avantax Planning Partners Inc. raised its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 10.8% during the first quarter. Avantax Planning Partners Inc. now owns 23,467 shares of the company’s stock valued at $549,000 after acquiring an additional 2,278 shares during the last quarter. Finally, Hobbs Group Advisors LLC raised its stake in Invesco BulletShares 2028 Municipal Bond ETF by 16.4% in the 1st quarter. Hobbs Group Advisors LLC now owns 26,236 shares of the company’s stock valued at $614,000 after purchasing an additional 3,699 shares during the last quarter.

Invesco BulletShares 2028 Municipal Bond ETF Trading Up 0.3%

NASDAQ BSMS opened at $22.86 on Thursday. Invesco BulletShares 2028 Municipal Bond ETF has a 52 week low of $22.63 and a 52 week high of $23.70. The company has a 50 day moving average price of $23.25 and a 200 day moving average price of $23.37.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

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

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.