Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Shares Shorted: Short Interest Up 114.1% in October

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 91,037 shares, an increase of 114.1% from the September 30th total of 42,529 shares. Based on an average trading volume of 162,642 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.6% of the company’s shares are sold short.

Invesco BulletShares 2028 Municipal Bond ETF Price Performance

Shares of BSMS stock traded up $0.04 during mid-day trading on Friday, reaching $23.22. The stock had a trading volume of 48,400 shares, compared to its average volume of 68,879. Invesco BulletShares 2028 Municipal Bond ETF has a 52-week low of $22.63 and a 52-week high of $23.70. The stock’s 50-day moving average price is $23.09 and its two-hundred day moving average price is $23.38.

Invesco BulletShares 2028 Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were paid a $0.0564 dividend. The ex-dividend date of this dividend was Monday, October 19th. This is an increase from Invesco BulletShares 2028 Municipal Bond ETF’s previous monthly dividend of $0.0535. This represents a $0.68 dividend on an annualized basis and a yield of 2.9%.

Institutional Trading of Invesco BulletShares 2028 Municipal Bond ETF

Several institutional investors have recently bought and sold shares of BSMS. Landaas & Co. WI ADV bought a new position in Invesco BulletShares 2028 Municipal Bond ETF in the 3rd quarter valued at approximately $1,117,000. Foundry Financial Group Inc. lifted its stake in shares of Invesco BulletShares 2028 Municipal Bond ETF by 9.7% in the 3rd quarter. Foundry Financial Group Inc. now owns 10,829 shares of the company’s stock worth $247,000 after purchasing an additional 954 shares during the period. Latitude Advisors LLC bought a new position in Invesco BulletShares 2028 Municipal Bond ETF in the third quarter worth approximately $129,000. WESPAC Advisors LLC purchased a new position in Invesco BulletShares 2028 Municipal Bond ETF during the third quarter valued at $494,000. Finally, Verdence Capital Advisors LLC purchased a new position in shares of Invesco BulletShares 2028 Municipal Bond ETF during the 3rd quarter valued at about $1,849,000.

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.