Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Short Interest Update

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 3,600 shares, a drop of 75.0% from the December 15th total of 14,400 shares. Based on an average daily volume of 47,700 shares, the short-interest ratio is currently 0.1 days.

Invesco BulletShares 2028 Municipal Bond ETF Stock Performance

Shares of NASDAQ:BSMS traded down $0.04 during mid-day trading on Monday, reaching $23.18. 34,395 shares of the company were exchanged, compared to its average volume of 47,814. The firm’s 50-day simple moving average is $23.42 and its 200 day simple moving average is $23.42. Invesco BulletShares 2028 Municipal Bond ETF has a 1 year low of $23.05 and a 1 year high of $23.75.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a $0.0516 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSMS. Stifel Financial Corp boosted its position in Invesco BulletShares 2028 Municipal Bond ETF by 385.0% in the 3rd quarter. Stifel Financial Corp now owns 55,780 shares of the company’s stock valued at $1,315,000 after buying an additional 44,278 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF in the 3rd quarter valued at $925,000. Sanctuary Advisors LLC acquired a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF in the 3rd quarter valued at $379,000. MONECO Advisors LLC raised its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 42.5% in the 3rd quarter. MONECO Advisors LLC now owns 47,596 shares of the company’s stock valued at $1,122,000 after purchasing an additional 14,198 shares in the last quarter. Finally, Precedent Wealth Partners LLC raised its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 19.5% in the 3rd quarter. Precedent Wealth Partners LLC now owns 70,339 shares of the company’s stock valued at $1,659,000 after purchasing an additional 11,490 shares in the last quarter.

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.