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

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 3,600 shares, a drop of 75.0% from the December 15th total of 14,400 shares. Based on an average trading volume of 47,700 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Invesco BulletShares 2028 Municipal Bond ETF

Hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in Invesco BulletShares 2028 Municipal Bond ETF by 9.4% during the second quarter. Envestnet Asset Management Inc. now owns 82,382 shares of the company’s stock valued at $1,914,000 after purchasing an additional 7,068 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 6.9% during the 2nd quarter. NewEdge Advisors LLC now owns 117,647 shares of the company’s stock valued at $2,733,000 after buying an additional 7,645 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco BulletShares 2028 Municipal Bond ETF by 18.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,611 shares of the company’s stock worth $432,000 after buying an additional 2,847 shares during the last quarter. Asset Dedication LLC boosted its stake in Invesco BulletShares 2028 Municipal Bond ETF by 8.9% in the third quarter. Asset Dedication LLC now owns 64,227 shares of the company’s stock worth $1,514,000 after buying an additional 5,250 shares in the last quarter. Finally, Sentinel Pension Advisors Inc. grew its position in Invesco BulletShares 2028 Municipal Bond ETF by 35.7% during the third quarter. Sentinel Pension Advisors Inc. now owns 19,492 shares of the company’s stock valued at $460,000 after acquiring an additional 5,123 shares during the last quarter.

Invesco BulletShares 2028 Municipal Bond ETF Stock Performance

Shares of BSMS stock remained flat at $23.18 during trading on Tuesday. 14,047 shares of the company traded hands, compared to its average volume of 46,031. The business’s 50 day simple moving average is $23.42 and its 200-day simple moving average is $23.42. Invesco BulletShares 2028 Municipal Bond ETF has a one year low of $23.05 and a one year high of $23.75.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.0516 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.