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

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

Institutional Trading of Invesco BulletShares 2028 Municipal Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new position in Invesco BulletShares 2028 Municipal Bond ETF in the third quarter valued at $73,000. Private Trust Co. NA grew 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 during the period. Kestra Advisory Services LLC purchased a new position in shares of Invesco BulletShares 2028 Municipal Bond ETF in the 4th quarter valued at about $92,000. Anchor Investment Management LLC acquired a new position in Invesco BulletShares 2028 Municipal Bond ETF in the 2nd quarter worth about $116,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Invesco BulletShares 2028 Municipal Bond ETF in the 2nd quarter worth about $120,000.

Invesco BulletShares 2028 Municipal Bond ETF Stock Down 0.1%

BSMS stock traded down $0.04 during trading on Monday, hitting $23.64. 5,578 shares of the company traded hands, compared to its average volume of 54,263. Invesco BulletShares 2028 Municipal Bond ETF has a 1 year low of $22.41 and a 1 year high of $23.70. The stock’s 50-day simple moving average is $23.58 and its 200 day simple moving average is $23.48.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

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

Invesco BulletShares 2028 Municipal Bond ETF Company Profile

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.