Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Short Interest Down 24.8% in January

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 20,900 shares, a drop of 24.8% from the January 15th total of 27,800 shares. Based on an average trading volume of 50,500 shares, the short-interest ratio is presently 0.4 days.

Invesco BulletShares 2028 Municipal Bond ETF Stock Up 0.6 %

Shares of NASDAQ:BSMS opened at $23.42 on Friday. Invesco BulletShares 2028 Municipal Bond ETF has a 1-year low of $23.05 and a 1-year high of $23.72. The firm’s 50 day simple moving average is $23.35 and its two-hundred day simple moving average is $23.42.

Invesco BulletShares 2028 Municipal Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Asset Dedication LLC boosted its stake in shares of Invesco BulletShares 2028 Municipal Bond ETF by 8.9% in the third quarter. Asset Dedication LLC now owns 64,227 shares of the company’s stock worth $1,514,000 after acquiring an additional 5,250 shares during the period. Precedent Wealth Partners LLC boosted its stake in 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 worth $1,659,000 after purchasing an additional 11,490 shares during the period. Sterling Financial Group Inc. grew its holdings in Invesco BulletShares 2028 Municipal Bond ETF by 63.0% during the 3rd quarter. Sterling Financial Group Inc. now owns 27,163 shares of the company’s stock valued at $641,000 after buying an additional 10,500 shares in the last quarter. Foundry Financial Group Inc. bought a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the third quarter valued at approximately $200,000. Finally, MONECO Advisors LLC lifted its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 42.5% in the third quarter. MONECO Advisors LLC now owns 47,596 shares of the company’s stock worth $1,122,000 after buying an additional 14,198 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.