Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Short Interest Down 69.1% in February

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 20,900 shares, a decline of 69.1% from the February 13th total of 67,600 shares. Based on an average daily volume of 54,500 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

A number of hedge funds have recently added to or reduced their stakes in BSMS. LPL Financial LLC grew its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 14.6% during the fourth quarter. LPL Financial LLC now owns 289,780 shares of the company’s stock worth $6,761,000 after acquiring an additional 36,978 shares during the last quarter. Wells Fargo & Company MN grew its position in Invesco BulletShares 2028 Municipal Bond ETF by 19.5% in the 4th quarter. Wells Fargo & Company MN now owns 254,215 shares of the company’s stock worth $5,931,000 after purchasing an additional 41,459 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Invesco BulletShares 2028 Municipal Bond ETF by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 195,457 shares of the company’s stock worth $4,560,000 after purchasing an additional 1,779 shares during the last quarter. Key Financial Inc raised its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 3.6% during the fourth quarter. Key Financial Inc now owns 161,254 shares of the company’s stock valued at $3,762,000 after buying an additional 5,655 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 10.8% during the fourth quarter. NewEdge Advisors LLC now owns 134,143 shares of the company’s stock worth $3,130,000 after buying an additional 13,037 shares during the period.

Invesco BulletShares 2028 Municipal Bond ETF Stock Performance

Shares of BSMS stock opened at $23.33 on Friday. The business has a 50 day moving average of $23.37 and a two-hundred day moving average of $23.43. Invesco BulletShares 2028 Municipal Bond ETF has a 52 week low of $23.05 and a 52 week high of $23.72.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were paid a dividend of $0.0532 per share. The ex-dividend date was Monday, February 24th.

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.