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Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ: BSMS - Get Free Report) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 71,680 shares, a growth of 82.1% from the June 15th total of 39,362 shares. Currently, 0.5% of the company's stock are sold short.
Asset Dedication LLC grew its position in shares of Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ: BSMS) by 22.6% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,008 shares of the company's stock after acquiring an
Envestnet Asset Management Inc. cut its holdings in Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ: BSMS) by 18.5% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,075 shares of the company's stock after selling 26,556 shares during the period. Envestnet
Municipal bonds are back to offer compelling risk-adjusted opportunities, but future decisions from Washington can either act as a tailwind or headwind. Municipal bond funds saw net inflows during 2024, first annual inflow since 2021—which was a record year. 2024 was a record year in municipal bond issuance. With attractive yields, the market may start to pay more attention to tax-equivalent yield advantages offered through municipal debt.
Specific to the muni market, perhaps the biggest surprise this year has been new issue supply that is running well ahead of expectations, up roughly 40% from last year. We think this increased summer issuance is likely the result of deals getting pulled forward, as issuers may be cautious about coming to market later in the fall ahead of what is likely to be an uncertain U.S. political climate. While municipal credit quality has already peaked, it is entering this period of moderating economic growth from a position of strength.
Active fixed-income ETFs allow portfolio managers to stay nimble and avoid sectors and parts of the credit spectrum that might encounter increased stress. There are now a growing number of dividend ETFs that are focused on yield and offer responsiveness to evolving sector dynamics of the broader market.
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Invesco BulletShares 2028 Municipal Bond ETF (NYSEARCA:BSMS) shot up 2.6% during trading on Tuesday . The stock traded as high as $24.63 and last traded at $24.63, 900 shares changed hands during trading. A decline of 80% from the average session volume of 4,462 shares. The stock had previously closed at $24.00. The firm has […]
SEC filings for BSMS aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.