Short Interest in Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Declines By 84.2%

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 3,300 shares, a drop of 84.2% from the February 28th total of 20,900 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 55,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Invesco BulletShares 2028 Municipal Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors increased its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 12.4% in the third quarter. Captrust Financial Advisors now owns 11,566 shares of the company’s stock worth $273,000 after acquiring an additional 1,280 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in Invesco BulletShares 2028 Municipal Bond ETF during the 3rd quarter worth approximately $245,000. HighTower Advisors LLC purchased a new position in Invesco BulletShares 2028 Municipal Bond ETF during the 3rd quarter worth approximately $925,000. Integrated Wealth Concepts LLC raised its stake in Invesco BulletShares 2028 Municipal Bond ETF by 10.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 35,853 shares of the company’s stock valued at $845,000 after purchasing an additional 3,489 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 385.0% in the third quarter. Stifel Financial Corp now owns 55,780 shares of the company’s stock valued at $1,315,000 after purchasing an additional 44,278 shares in the last quarter.

Invesco BulletShares 2028 Municipal Bond ETF Stock Down 0.3 %

Shares of Invesco BulletShares 2028 Municipal Bond ETF stock opened at $23.09 on Friday. Invesco BulletShares 2028 Municipal Bond ETF has a 12-month low of $23.05 and a 12-month high of $23.72. The stock’s fifty day moving average is $23.37 and its 200-day moving average is $23.41.

Invesco BulletShares 2028 Municipal Bond ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a $0.0546 dividend. The ex-dividend date is Monday, March 24th. This is a boost from Invesco BulletShares 2028 Municipal Bond ETF’s previous dividend of $0.05.

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.