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

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 39,362 shares, a drop of 41.0% from the May 31st total of 66,766 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 59,017 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Invesco BulletShares 2028 Municipal Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Addison Advisors LLC raised its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 2.2% in the 4th quarter. Addison Advisors LLC now owns 26,355 shares of the company’s stock worth $619,000 after acquiring an additional 570 shares in the last quarter. Central Valley Advisors LLC lifted its stake in shares of Invesco BulletShares 2028 Municipal Bond ETF by 0.3% in the 4th quarter. Central Valley Advisors LLC now owns 187,322 shares of the company’s stock valued at $4,402,000 after purchasing an additional 621 shares during the period. Royal Bank of Canada boosted its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 6.2% during the 1st quarter. Royal Bank of Canada now owns 10,645 shares of the company’s stock valued at $247,000 after purchasing an additional 625 shares in the last quarter. Farmers National Bank boosted its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 2.0% during the 4th quarter. Farmers National Bank now owns 53,848 shares of the company’s stock valued at $1,265,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in Invesco BulletShares 2028 Municipal Bond ETF by 1.2% during the fourth quarter. Sanctuary Advisors LLC now owns 107,177 shares of the company’s stock worth $2,519,000 after purchasing an additional 1,252 shares during the period.

Invesco BulletShares 2028 Municipal Bond ETF Price Performance

BSMS remained flat at $23.48 during trading on Friday. 86,954 shares of the company’s stock were exchanged, compared to its average volume of 53,484. Invesco BulletShares 2028 Municipal Bond ETF has a 52-week low of $23.11 and a 52-week high of $23.70. The stock has a 50 day moving average price of $23.42 and a two-hundred day moving average price of $23.50.

Invesco BulletShares 2028 Municipal Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.0563 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, June 22nd.

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.