Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Sees Large Growth in Short Interest

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 51,970 shares, a growth of 34.3% from the January 29th total of 38,702 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 60,111 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 60,111 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the shares of the stock are sold short.

Invesco BulletShares 2028 Municipal Bond ETF Trading Down 0.1%

Shares of NASDAQ:BSMS traded down $0.04 during midday trading on Monday, reaching $23.64. 5,578 shares of the company’s stock traded hands, compared to its average volume of 54,263. The company has a fifty day simple moving average of $23.58 and a two-hundred day simple moving average of $23.48. Invesco BulletShares 2028 Municipal Bond ETF has a 1 year low of $22.41 and a 1 year high of $23.70.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.0528 per share. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, February 23rd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in Invesco BulletShares 2028 Municipal Bond ETF by 6.2% in the 1st quarter. Royal Bank of Canada now owns 10,645 shares of the company’s stock worth $247,000 after buying an additional 625 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Invesco BulletShares 2028 Municipal Bond ETF in the first quarter valued at approximately $709,000. Jane Street Group LLC lifted its position 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 valued at $3,838,000 after acquiring an additional 151,677 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Invesco BulletShares 2028 Municipal Bond ETF by 13.6% in the second quarter. Cetera Investment Advisers now owns 16,015 shares of the company’s stock worth $372,000 after acquiring an additional 1,919 shares during the last quarter. Finally, Landaas & Co. WI ADV purchased a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the second quarter worth approximately $201,000.

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.