Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Short Interest Down 69.1% in February

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 20,900 shares, a drop of 69.1% from the February 13th total of 67,600 shares. Based on an average trading volume of 54,500 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

A number of hedge funds have recently bought and sold shares of BSMS. Webster Bank N. A. bought a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF in the fourth quarter valued at about $49,000. Private Trust Co. NA bought a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF in the 4th quarter worth approximately $85,000. Principal Securities Inc. bought a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF in the 4th quarter worth approximately $94,000. Avior Wealth Management LLC lifted its position in Invesco BulletShares 2028 Municipal Bond ETF by 12.7% in the third quarter. Avior Wealth Management LLC now owns 5,642 shares of the company’s stock worth $133,000 after purchasing an additional 637 shares during the period. Finally, Crews Bank & Trust bought a new position in Invesco BulletShares 2028 Municipal Bond ETF in the fourth quarter worth $199,000.

Invesco BulletShares 2028 Municipal Bond ETF Stock Performance

NASDAQ BSMS traded up $0.02 on Friday, reaching $23.35. The stock had a trading volume of 13,408 shares, compared to its average volume of 36,124. The business has a 50 day moving average price of $23.37 and a 200 day moving average price of $23.43. Invesco BulletShares 2028 Municipal Bond ETF has a 1 year low of $23.05 and a 1 year high of $23.72.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were given a dividend of $0.0532 per share. The ex-dividend date of this dividend was Monday, February 24th.

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.