Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Stock Short Interest Jumps 114.1%

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a significant 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. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 162,642 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings 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 worth $6,848,000 after buying an additional 35,458 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Invesco BulletShares 2028 Municipal Bond ETF by 6.9% during 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 in the last quarter. Precedent Wealth Partners LLC grew its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 16.3% during the 3rd quarter. Precedent Wealth Partners LLC now owns 209,316 shares of the company’s stock valued at $4,773,000 after acquiring an additional 29,354 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Invesco BulletShares 2028 Municipal Bond ETF by 7.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 167,429 shares of the company’s stock valued at $3,925,000 after purchasing an additional 11,402 shares in the last quarter. Finally, Coastline Complete Wealth LLC increased its stake 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 valued at $3,899,000 after purchasing an additional 95,112 shares in the last quarter.

Invesco BulletShares 2028 Municipal Bond ETF Stock Up 0.2%

Invesco BulletShares 2028 Municipal Bond ETF stock traded up $0.04 during trading hours on Friday, hitting $23.22. 69,780 shares of the stock traded hands, compared to its average volume of 68,992. The firm’s 50 day moving average price is $23.09 and its 200-day moving average price is $23.38. Invesco BulletShares 2028 Municipal Bond ETF has a 1 year low of $22.63 and a 1 year high of $23.70.

Invesco BulletShares 2028 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were paid a dividend of $0.0564 per share. This represents a $0.68 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, October 19th. This is a positive change from Invesco BulletShares 2028 Municipal Bond ETF’s previous monthly dividend of $0.0535.

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.