Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Short Interest Up 78.4% in May

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 66,766 shares, a growth of 78.4% from the May 14th total of 37,426 shares. Based on an average trading volume of 71,619 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Invariant Investment Management acquired a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the fourth quarter worth $2,651,000. Asset Dedication LLC increased its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 22.6% in the fourth quarter. Asset Dedication LLC now owns 122,008 shares of the company’s stock worth $2,867,000 after acquiring an additional 22,467 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF in the fourth quarter worth about $702,000. PAX Financial Group LLC bought a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF in the fourth quarter worth about $1,130,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF in the fourth quarter worth about $3,226,000.

Invesco BulletShares 2028 Municipal Bond ETF Price Performance

Shares of BSMS stock traded up $0.01 during mid-day trading on Monday, reaching $23.41. The stock had a trading volume of 13,933 shares, compared to its average volume of 52,480. The firm’s 50 day simple moving average is $23.42 and its 200 day simple moving average is $23.50. Invesco BulletShares 2028 Municipal Bond ETF has a one year low of $23.11 and a one year high of $23.70.

Invesco BulletShares 2028 Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were given a dividend of $0.0556 per share. This is a boost from Invesco BulletShares 2028 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date was Monday, May 18th. This represents a c) annualized dividend and a dividend yield of 2.9%.

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.