Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Short Interest Update

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 15,200 shares, a growth of 28.8% from the August 15th total of 11,800 shares. Based on an average trading volume of 27,100 shares, the days-to-cover ratio is presently 0.6 days.

Invesco BulletShares 2028 Municipal Bond ETF Stock Up 0.1 %

NASDAQ BSMS traded up $0.02 on Monday, hitting $23.57. 10,693 shares of the company were exchanged, compared to its average volume of 24,072. The stock has a fifty day moving average of $23.41 and a 200-day moving average of $23.37. Invesco BulletShares 2028 Municipal Bond ETF has a 12 month low of $22.25 and a 12 month high of $23.81.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 19th were given a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Monday, August 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Confluence Investment Management LLC acquired a new position in shares of Invesco BulletShares 2028 Municipal Bond ETF during the first quarter worth approximately $6,757,000. Hobbs Group Advisors LLC acquired a new position in Invesco BulletShares 2028 Municipal Bond ETF during the second quarter worth $753,000. MONECO Advisors LLC lifted its stake in shares of Invesco BulletShares 2028 Municipal Bond ETF by 147.4% in the second quarter. MONECO Advisors LLC now owns 33,398 shares of the company’s stock valued at $776,000 after buying an additional 19,896 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 13.6% during the first quarter. Commonwealth Equity Services LLC now owns 163,072 shares of the company’s stock valued at $3,829,000 after buying an additional 19,507 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the fourth quarter worth about $382,000.

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.