Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Sees Large Growth in Short Interest

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

Hedge Funds Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Invesco BulletShares 2028 Municipal Bond ETF by 13.8% in 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 during the period. NewEdge Advisors LLC grew its holdings in Invesco BulletShares 2028 Municipal Bond ETF by 6.9% in the second quarter. NewEdge Advisors LLC now owns 221,808 shares of the company’s stock valued at $5,199,000 after purchasing an additional 14,255 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake 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 buying an additional 11,402 shares during the last quarter. Coastline Complete Wealth LLC boosted its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 132.9% in the 1st quarter. Coastline Complete Wealth LLC now owns 166,667 shares of the company’s stock worth $3,899,000 after buying 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 in the 1st quarter worth about $3,237,000.

Invesco BulletShares 2028 Municipal Bond ETF Trading Up 0.3%

Shares of Invesco BulletShares 2028 Municipal Bond ETF stock traded up $0.07 on Tuesday, hitting $22.96. 191,157 shares of the company were exchanged, compared to its average volume of 63,413. Invesco BulletShares 2028 Municipal Bond ETF has a 1-year low of $22.63 and a 1-year high of $23.70. The company has a 50-day moving average price of $23.17 and a 200 day moving average price of $23.33.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

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

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.