Short Interest in Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Rises By 223.4%

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 67,600 shares, an increase of 223.4% from the January 31st total of 20,900 shares. Based on an average daily volume of 55,300 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BSMS. Raymond James Financial Inc. purchased a new stake in Invesco BulletShares 2028 Municipal Bond ETF in the fourth quarter worth $2,821,000. Lido Advisors LLC purchased a new position in Invesco BulletShares 2028 Municipal Bond ETF in the 4th quarter worth approximately $1,497,000. Stifel Financial Corp increased its stake in Invesco BulletShares 2028 Municipal Bond ETF by 385.0% in the third quarter. Stifel Financial Corp now owns 55,780 shares of the company’s stock valued at $1,315,000 after acquiring an additional 44,278 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Invesco BulletShares 2028 Municipal Bond ETF by 19.5% during the fourth quarter. Wells Fargo & Company MN now owns 254,215 shares of the company’s stock worth $5,931,000 after acquiring an additional 41,459 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF in the 3rd quarter valued at about $925,000.

Invesco BulletShares 2028 Municipal Bond ETF Stock Performance

Shares of NASDAQ:BSMS traded up $0.04 during mid-day trading on Friday, reaching $23.54. The stock had a trading volume of 12,599 shares, compared to its average volume of 57,717. The firm has a 50 day simple moving average of $23.34 and a two-hundred day simple moving average of $23.42. Invesco BulletShares 2028 Municipal Bond ETF has a twelve month low of $23.05 and a twelve month high of $23.72.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 24th will be issued a $0.0532 dividend. The ex-dividend date is Monday, February 24th.

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.