Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Sees Large Decrease 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 January. As of January 15th, there was short interest totalling 3,600 shares, a decline of 75.0% from the December 31st total of 14,400 shares. Based on an average trading volume of 47,700 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in 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 during the period. NewEdge Advisors LLC raised its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 6.9% during the second quarter. NewEdge Advisors LLC now owns 117,647 shares of the company’s stock valued at $2,733,000 after acquiring an additional 7,645 shares during the period. Northwestern Mutual Wealth Management Co. grew its position 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. Asset Dedication LLC raised its stake in Invesco BulletShares 2028 Municipal Bond ETF by 8.9% during the 3rd quarter. Asset Dedication LLC now owns 64,227 shares of the company’s stock valued at $1,514,000 after purchasing an additional 5,250 shares during the period. Finally, Sentinel Pension Advisors Inc. lifted its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 35.7% in the third quarter. Sentinel Pension Advisors Inc. now owns 19,492 shares of the company’s stock valued at $460,000 after purchasing an additional 5,123 shares in the last quarter.

Invesco BulletShares 2028 Municipal Bond ETF Stock Down 0.0 %

Shares of NASDAQ BSMS traded down $0.01 during midday trading on Wednesday, reaching $23.28. The company’s stock had a trading volume of 1,243 shares, compared to its average volume of 66,619. Invesco BulletShares 2028 Municipal Bond ETF has a one year low of $23.05 and a one year high of $23.75. The company has a 50 day moving average price of $23.39 and a 200 day moving average price of $23.42.

Invesco BulletShares 2028 Municipal Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were issued a $0.0541 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This is a boost from Invesco BulletShares 2028 Municipal Bond ETF’s previous dividend of $0.05.

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.