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

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the recipient 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. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 88,255 shares, the days-to-cover ratio is currently 0.2 days.

Invesco BulletShares 2028 Municipal Bond ETF Price Performance

NASDAQ BSMS traded down $0.06 on Tuesday, hitting $22.66. 64,153 shares of the company were exchanged, compared to its average volume of 58,262. Invesco BulletShares 2028 Municipal Bond ETF has a twelve month low of $22.66 and a twelve month high of $23.70. The company’s 50 day moving average price is $23.27 and its 200-day moving average price is $23.38.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted 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 worth $6,848,000 after purchasing an additional 35,458 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of 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 in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 7.3% in the second 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 period. Coastline Complete Wealth LLC boosted its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 132.9% in the first 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 during the period. Finally, Financial Solutions Advisory Group Inc. purchased a new position in shares of Invesco BulletShares 2028 Municipal Bond ETF during the first quarter valued at $3,237,000.

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.