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

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 3,600 shares, a decline of 75.0% from the December 15th total of 14,400 shares. Based on an average daily volume of 47,700 shares, the days-to-cover ratio is currently 0.1 days.

Invesco BulletShares 2028 Municipal Bond ETF Trading Up 0.3 %

Shares of NASDAQ BSMS traded up $0.06 during mid-day trading on Wednesday, reaching $23.28. The company had a trading volume of 219,012 shares, compared to its average volume of 68,168. Invesco BulletShares 2028 Municipal Bond ETF has a 52 week low of $23.05 and a 52 week high of $23.75. The business’s 50-day moving average is $23.41 and its 200-day moving average is $23.42.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.0516 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

A number of institutional investors have recently modified their holdings of the stock. Key Financial Inc grew its stake in 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 worth $3,669,000 after purchasing an additional 4,275 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 6.9% in the 2nd quarter. NewEdge Advisors LLC now owns 117,647 shares of the company’s stock worth $2,733,000 after buying an additional 7,645 shares during the period. Envestnet Asset Management Inc. grew its position in shares of 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 buying an additional 7,068 shares in the last quarter. Precedent Wealth Partners LLC grew its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 19.5% during the 3rd quarter. Precedent Wealth Partners LLC now owns 70,339 shares of the company’s stock worth $1,659,000 after buying an additional 11,490 shares in the last quarter. Finally, Asset Dedication LLC increased its stake in shares of Invesco BulletShares 2028 Municipal Bond ETF by 8.9% during the third quarter. Asset Dedication LLC now owns 64,227 shares of the company’s stock valued at $1,514,000 after buying an additional 5,250 shares during the period.

Invesco BulletShares 2028 Municipal Bond ETF Company Profile

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.