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

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 15,054 shares, a decrease of 51.9% from the August 31st total of 31,318 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 88,255 shares, the short-interest ratio is presently 0.2 days.

Invesco BulletShares 2028 Municipal Bond ETF Stock Down 0.3%

Shares of BSMS stock traded down $0.06 during mid-day trading on Tuesday, hitting $22.66. 64,153 shares of the stock traded hands, compared to its average volume of 58,262. Invesco BulletShares 2028 Municipal Bond ETF has a twelve month low of $22.66 and a twelve month high of $23.70. The company’s 50-day simple moving average is $23.27 and its 200-day simple moving average is $23.38.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a $0.0535 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco BulletShares 2028 Municipal Bond ETF’s previous monthly dividend of $0.0583.

Institutional Trading of Invesco BulletShares 2028 Municipal Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC bought a new stake in Invesco BulletShares 2028 Municipal Bond ETF during the first quarter worth approximately $51,000. Ascentis Independent Advisors acquired a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the 1st quarter valued at $160,000. Francis Financial Inc. bought a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the 4th quarter worth $200,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the 4th quarter worth $215,000. Finally, Cvfg LLC acquired a new position in shares of Invesco BulletShares 2028 Municipal Bond ETF in the 1st quarter worth $220,000.

Invesco BulletShares 2028 Municipal Bond ETF Company Profile

(Get Free Report)

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.

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