Short Interest in Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Rises By 280.5%

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 46,800 shares, a growth of 280.5% from the September 30th total of 12,300 shares. Based on an average trading volume of 31,300 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hobbs Group Advisors LLC purchased a new stake in Invesco BulletShares 2028 Municipal Bond ETF in the second quarter worth $753,000. MONECO Advisors LLC increased its stake in Invesco BulletShares 2028 Municipal Bond ETF by 147.4% in the 2nd quarter. MONECO Advisors LLC now owns 33,398 shares of the company’s stock worth $776,000 after buying an additional 19,896 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Invesco BulletShares 2028 Municipal Bond ETF by 13.6% during the 1st 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 in the last quarter. Midland Wealth Advisors LLC purchased a new stake in Invesco BulletShares 2028 Municipal Bond ETF in the 2nd quarter valued at about $291,000. Finally, Precedent Wealth Partners LLC grew its stake in Invesco BulletShares 2028 Municipal Bond ETF by 19.5% in the 3rd quarter. Precedent Wealth Partners LLC now owns 70,339 shares of the company’s stock worth $1,659,000 after acquiring an additional 11,490 shares in the last quarter.

Invesco BulletShares 2028 Municipal Bond ETF Stock Up 0.1 %

BSMS stock opened at $23.33 on Friday. Invesco BulletShares 2028 Municipal Bond ETF has a 12 month low of $22.25 and a 12 month high of $23.81. The company has a 50-day moving average price of $23.48 and a 200 day moving average price of $23.37.

Invesco BulletShares 2028 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 21st were paid a dividend of $0.057 per share. This is a boost from Invesco BulletShares 2028 Municipal Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.93%.

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.