Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Short Interest Down 94.9% in October

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 2,400 shares, a drop of 94.9% from the October 15th total of 46,800 shares. Based on an average daily volume of 35,100 shares, the short-interest ratio is presently 0.1 days.

Invesco BulletShares 2028 Municipal Bond ETF Trading Down 0.1 %

NASDAQ:BSMS traded down $0.03 on Wednesday, hitting $23.40. 9,497 shares of the company’s stock were exchanged, compared to its average volume of 27,451. Invesco BulletShares 2028 Municipal Bond ETF has a 52 week low of $22.88 and a 52 week high of $23.81. The firm has a 50-day moving average price of $23.47 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. Investors of record on Monday, October 21st were issued a dividend of $0.057 per share. The ex-dividend date of this dividend was Monday, October 21st. This is a positive change from Invesco BulletShares 2028 Municipal Bond ETF’s previous monthly dividend of $0.06. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.92%.

Institutional Investors Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 3.3% in the second quarter. Commonwealth Equity Services LLC now owns 168,381 shares of the company’s stock valued at $3,912,000 after purchasing an additional 5,309 shares during the period. Key Financial Inc grew its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 2.8% in the third quarter. Key Financial Inc now owns 155,599 shares of the company’s stock valued at $3,669,000 after purchasing an additional 4,275 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Invesco BulletShares 2028 Municipal Bond ETF by 6.9% during the second quarter. NewEdge Advisors LLC now owns 117,647 shares of the company’s stock worth $2,733,000 after purchasing an additional 7,645 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Invesco BulletShares 2028 Municipal Bond ETF by 9.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 82,382 shares of the company’s stock worth $1,914,000 after purchasing an additional 7,068 shares during the last quarter. Finally, Precedent Wealth Partners LLC boosted 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 valued at $1,659,000 after purchasing an additional 11,490 shares during the period.

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.