Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Shares Shorted: Short Interest Up 114.1% in October

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 91,037 shares, an increase of 114.1% from the September 30th total of 42,529 shares. Based on an average daily trading volume, of 162,642 shares, the short-interest ratio is currently 0.6 days. Approximately 0.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

A number of hedge funds have recently bought and sold shares of BSMS. Invariant Investment Management boosted its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 0.7% during the 2nd quarter. Invariant Investment Management now owns 113,415 shares of the company’s stock valued at $2,665,000 after acquiring an additional 767 shares during the last quarter. Foundry Financial Group Inc. grew its stake in shares of Invesco BulletShares 2028 Municipal Bond ETF by 9.7% in the third quarter. Foundry Financial Group Inc. now owns 10,829 shares of the company’s stock worth $247,000 after acquiring an additional 954 shares during the period. Western Wealth Management LLC purchased a new position in shares of Invesco BulletShares 2028 Municipal Bond ETF during the first quarter valued at approximately $51,000. Avantax Planning Partners Inc. raised its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 10.8% during the first quarter. Avantax Planning Partners Inc. now owns 23,467 shares of the company’s stock valued at $549,000 after purchasing an additional 2,278 shares during the last quarter. Finally, Hobbs Group Advisors LLC raised its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 16.4% during the first quarter. Hobbs Group Advisors LLC now owns 26,236 shares of the company’s stock valued at $614,000 after purchasing an additional 3,699 shares during the last quarter.

Invesco BulletShares 2028 Municipal Bond ETF Stock Up 0.2%

NASDAQ:BSMS traded up $0.04 during trading hours on Friday, reaching $23.22. 69,780 shares of the company traded hands, compared to its average volume of 68,992. The business’s 50-day moving average price is $23.09 and its two-hundred day moving average price is $23.38. Invesco BulletShares 2028 Municipal Bond ETF has a 1 year low of $22.63 and a 1 year high of $23.70.

Invesco BulletShares 2028 Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were issued a dividend of $0.0564 per share. The ex-dividend date was Monday, October 19th. This is a boost from Invesco BulletShares 2028 Municipal Bond ETF’s previous monthly dividend of $0.0535. This represents a $0.68 annualized dividend and a dividend yield of 2.9%.

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.