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 large increase in short interest in May. As of May 29th, there was short interest totaling 66,766 shares, an increase of 78.4% from the May 14th total of 37,426 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 71,619 shares, the short-interest ratio is presently 0.9 days.

Invesco BulletShares 2028 Municipal Bond ETF Price Performance

BSMS stock opened at $23.46 on Wednesday. Invesco BulletShares 2028 Municipal Bond ETF has a 12-month low of $23.11 and a 12-month high of $23.70. The stock’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 Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, May 18th. This represents a c) annualized dividend and a dividend yield of 2.8%. This is an increase from Invesco BulletShares 2028 Municipal Bond ETF’s previous monthly dividend of $0.05.

Institutional Investors Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in BSMS. Western Wealth Management LLC acquired a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the 1st quarter valued at approximately $51,000. Private Trust Co. NA raised its position in shares of Invesco BulletShares 2028 Municipal Bond ETF by 464.6% during the 4th quarter. Private Trust Co. NA now owns 3,529 shares of the company’s stock valued at $83,000 after acquiring an additional 2,904 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the 4th quarter valued at approximately $92,000. Capital Analysts LLC acquired a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the 4th quarter valued at approximately $156,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF during the 1st quarter valued at approximately $160,000.

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.