Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Sees Significant Drop in Short Interest

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 11,300 shares, a decline of 26.1% from the April 30th total of 15,300 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 45,400 shares, the days-to-cover ratio is presently 0.2 days.

Invesco BulletShares 2028 Municipal Bond ETF Stock Performance

NASDAQ BSMS opened at $23.13 on Monday. The stock’s 50 day simple moving average is $22.99 and its 200 day simple moving average is $23.25. Invesco BulletShares 2028 Municipal Bond ETF has a one year low of $22.41 and a one year high of $23.72.

Invesco BulletShares 2028 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 19th were issued a dividend of $0.057 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Monday, May 19th. This is a boost from Invesco BulletShares 2028 Municipal Bond ETF’s previous monthly dividend of $0.06.

Institutional Trading of Invesco BulletShares 2028 Municipal Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its position in Invesco BulletShares 2028 Municipal Bond ETF by 4,597.3% during the 1st quarter. Jones Financial Companies Lllp now owns 274,792 shares of the company’s stock worth $6,368,000 after buying an additional 268,942 shares in the last quarter. Central Valley Advisors LLC acquired a new stake in Invesco BulletShares 2028 Municipal Bond ETF in the 1st quarter valued at about $4,352,000. Jane Street Group LLC raised its stake in shares of Invesco BulletShares 2028 Municipal Bond ETF by 1,087.6% in the first quarter. Jane Street Group LLC now owns 165,623 shares of the company’s stock worth $3,838,000 after acquiring an additional 151,677 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Invesco BulletShares 2028 Municipal Bond ETF during the fourth quarter worth approximately $2,821,000. Finally, Lido Advisors LLC acquired a new position in shares of Invesco BulletShares 2028 Municipal Bond ETF during the fourth quarter worth approximately $1,497,000.

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.