Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Short Interest Down 8.3% in July

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a large drop in short interest in July. As of July 15th, there was short interest totalling 43,300 shares, a drop of 8.3% from the June 30th total of 47,200 shares. Based on an average trading volume of 20,100 shares, the short-interest ratio is currently 2.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates raised its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 123.9% in the 4th quarter. Raymond James & Associates now owns 30,127 shares of the company’s stock worth $716,000 after purchasing an additional 16,670 shares during the period. MONECO Advisors LLC bought a new position in Invesco BulletShares 2028 Municipal Bond ETF in the 4th quarter worth about $307,000. Private Advisor Group LLC purchased a new position in Invesco BulletShares 2028 Municipal Bond ETF during the 4th quarter valued at about $382,000. Beacon Pointe Advisors LLC bought a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the fourth quarter valued at about $253,000. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF in the fourth quarter worth about $336,000.

Invesco BulletShares 2028 Municipal Bond ETF Stock Performance

Shares of NASDAQ BSMS traded down $0.01 during trading on Thursday, hitting $23.40. The stock had a trading volume of 527 shares, compared to its average volume of 23,221. The firm has a fifty day moving average of $23.28 and a two-hundred day moving average of $23.40. Invesco BulletShares 2028 Municipal Bond ETF has a 12 month low of $22.25 and a 12 month high of $23.81.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 22nd were issued a dividend of $0.055 per share. The ex-dividend date was Monday, July 22nd. This represents a $0.66 dividend on an annualized basis and a yield of 2.82%.

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.