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) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 91,037 shares, a growth of 114.1% from the September 30th total of 42,529 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 162,642 shares, the days-to-cover ratio is presently 0.6 days.

Invesco BulletShares 2028 Municipal Bond ETF Stock Up 0.2%

Shares of Invesco BulletShares 2028 Municipal Bond ETF stock traded up $0.04 on Friday, hitting $23.22. 48,400 shares of the company’s stock traded hands, compared to its average volume of 68,879. Invesco BulletShares 2028 Municipal Bond ETF has a one year low of $22.63 and a one year high of $23.70. The company has a fifty day moving average of $23.09 and a two-hundred day moving average of $23.38.

Invesco BulletShares 2028 Municipal Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were given a $0.0564 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, October 19th. This is a positive change from Invesco BulletShares 2028 Municipal Bond ETF’s previous monthly dividend of $0.0535.

Hedge Funds Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

Several large investors have recently added to or reduced their stakes in BSMS. Western Wealth Management LLC bought a new stake in Invesco BulletShares 2028 Municipal Bond ETF in the 1st quarter worth about $51,000. Latitude Advisors LLC purchased a new position in shares of Invesco BulletShares 2028 Municipal Bond ETF during the 3rd quarter valued at $129,000. Ascentis Independent Advisors bought a new position in Invesco BulletShares 2028 Municipal Bond ETF during the first quarter worth about $160,000. Sensible Money LLC bought a new position in Invesco BulletShares 2028 Municipal Bond ETF in the 3rd quarter worth approximately $210,000. Finally, Cvfg LLC purchased a new position in Invesco BulletShares 2028 Municipal Bond ETF in the 1st quarter valued at approximately $220,000.

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.