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

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 71,680 shares, a growth of 82.1% from the June 15th total of 39,362 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 55,717 shares, the days-to-cover ratio is presently 1.3 days.

Invesco BulletShares 2028 Municipal Bond ETF Stock Down 0.0%

BSMS opened at $23.44 on Friday. Invesco BulletShares 2028 Municipal Bond ETF has a 52 week low of $23.11 and a 52 week high of $23.70. The business’s 50 day moving average is $23.42 and its two-hundred day moving average is $23.50.

Invesco BulletShares 2028 Municipal Bond ETF Dividend Announcement

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

Hedge Funds Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

A number of institutional investors have recently modified their holdings of BSMS. Royal Bank of Canada raised its position 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 valued at $247,000 after purchasing an additional 625 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Invesco BulletShares 2028 Municipal Bond ETF during the 1st quarter worth $709,000. Jane Street Group LLC grew its position in Invesco BulletShares 2028 Municipal Bond ETF by 1,087.6% during the 1st quarter. Jane Street Group LLC now owns 165,623 shares of the company’s stock worth $3,838,000 after purchasing an additional 151,677 shares during the last quarter. Cetera Investment Advisers increased its stake in 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 valued at $372,000 after purchasing an additional 1,919 shares during the period. Finally, Invesco Ltd. increased its stake in Invesco BulletShares 2028 Municipal Bond ETF by 3.2% in the second quarter. Invesco Ltd. now owns 215,072 shares of the company’s stock valued at $4,996,000 after purchasing an additional 6,644 shares during the period.

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.