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

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 13,828 shares, a decrease of 68.9% from the November 30th total of 44,465 shares. Based on an average daily volume of 56,848 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 56,848 shares, the days-to-cover ratio is presently 0.2 days.

Invesco BulletShares 2028 Municipal Bond ETF Trading Down 0.1%

Shares of NASDAQ:BSMS traded down $0.02 on Friday, hitting $23.46. 197,071 shares of the company were exchanged, compared to its average volume of 48,239. Invesco BulletShares 2028 Municipal Bond ETF has a 1-year low of $22.41 and a 1-year high of $23.61. The stock’s 50 day moving average price is $23.44 and its 200 day moving average price is $23.36.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.053 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%.

Institutional Investors Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

A number of large investors have recently bought and sold shares of BSMS. Truist Financial Corp purchased a new position in Invesco BulletShares 2028 Municipal Bond ETF during the third quarter worth approximately $6,898,000. Jones Financial Companies Lllp raised its stake in shares of Invesco BulletShares 2028 Municipal Bond ETF by 4,597.3% during the 1st quarter. Jones Financial Companies Lllp now owns 274,792 shares of the company’s stock worth $6,368,000 after buying an additional 268,942 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 6.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 263,906 shares of the company’s stock valued at $6,179,000 after buying an additional 15,469 shares in the last quarter. Kathmere Capital Management LLC purchased a new stake in Invesco BulletShares 2028 Municipal Bond ETF in the 2nd quarter worth $5,847,000. Finally, Bank of America Corp DE raised its position in Invesco BulletShares 2028 Municipal Bond ETF by 0.7% during the third quarter. Bank of America Corp DE now owns 241,546 shares of the company’s stock worth $5,656,000 after acquiring an additional 1,683 shares during the period.

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.