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

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 15,200 shares, a growth of 28.8% from the August 15th total of 11,800 shares. Based on an average daily volume of 27,100 shares, the short-interest ratio is currently 0.6 days.

Invesco BulletShares 2028 Municipal Bond ETF Price Performance

NASDAQ BSMS traded up $0.04 during trading hours on Friday, reaching $23.55. 35,026 shares of the company’s stock were exchanged, compared to its average volume of 24,148. The company’s 50-day moving average is $23.41 and its two-hundred day moving average is $23.37. Invesco BulletShares 2028 Municipal Bond ETF has a one year low of $22.25 and a one year high of $23.81.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 19th were issued a $0.054 dividend. This represents a $0.65 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Monday, August 19th.

Institutional Investors Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco BulletShares 2028 Municipal Bond ETF by 18.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,611 shares of the company’s stock worth $432,000 after purchasing an additional 2,847 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 6.9% in the second quarter. NewEdge Advisors LLC now owns 117,647 shares of the company’s stock valued at $2,733,000 after purchasing an additional 7,645 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 9.4% in the second 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 in the last quarter. Asset Dedication LLC boosted its holdings in Invesco BulletShares 2028 Municipal Bond ETF by 14.4% during the second quarter. Asset Dedication LLC now owns 58,977 shares of the company’s stock worth $1,370,000 after purchasing an additional 7,427 shares during the last quarter. Finally, Midland Wealth Advisors LLC bought a new position in Invesco BulletShares 2028 Municipal Bond ETF in the second quarter valued at $291,000.

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.