Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Short Interest Up 280.5% in October

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 46,800 shares, a growth of 280.5% from the September 30th total of 12,300 shares. Based on an average daily volume of 31,300 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of Invesco BulletShares 2028 Municipal Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BSMS. MONECO Advisors LLC grew its stake in Invesco BulletShares 2028 Municipal Bond ETF by 42.5% during the 3rd 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 during the last quarter. Foundry Financial Group Inc. purchased a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the third quarter worth about $200,000. Sterling Financial Group Inc. increased its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 63.0% during the third quarter. Sterling Financial Group Inc. now owns 27,163 shares of the company’s stock valued at $641,000 after acquiring an additional 10,500 shares in the last quarter. Precedent Wealth Partners LLC raised its position 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 during the last quarter. Finally, Sentinel Pension Advisors Inc. boosted its stake in Invesco BulletShares 2028 Municipal Bond ETF by 35.7% in the 3rd quarter. Sentinel Pension Advisors Inc. now owns 19,492 shares of the company’s stock worth $460,000 after purchasing an additional 5,123 shares in the last quarter.

Invesco BulletShares 2028 Municipal Bond ETF Stock Performance

NASDAQ:BSMS opened at $23.33 on Friday. The company’s 50-day simple moving average is $23.48 and its 200-day simple moving average is $23.37. Invesco BulletShares 2028 Municipal Bond ETF has a fifty-two week low of $22.25 and a fifty-two week high of $23.81.

Invesco BulletShares 2028 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were issued a $0.057 dividend. This is a positive change from Invesco BulletShares 2028 Municipal Bond ETF’s previous monthly dividend of $0.06. This represents a $0.68 annualized dividend and a yield of 2.93%. The ex-dividend date was Monday, October 21st.

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.