Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Short Interest Up 78.4% in May

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 66,766 shares, a growth of 78.4% from the May 14th total of 37,426 shares. Based on an average trading volume of 71,619 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the company’s stock are short sold.

Invesco BulletShares 2028 Municipal Bond ETF Trading Up 0.0%

Shares of NASDAQ BSMS traded up $0.01 during trading hours on Monday, hitting $23.41. The company had a trading volume of 13,933 shares, compared to its average volume of 52,480. Invesco BulletShares 2028 Municipal Bond ETF has a 1-year low of $23.11 and a 1-year high of $23.70. The firm’s 50 day moving average is $23.42 and its 200-day moving average is $23.50.

Invesco BulletShares 2028 Municipal Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were issued a $0.0556 dividend. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, May 18th. This is a boost 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 large investors have recently made changes to their positions in BSMS. LPL Financial LLC raised its stake in Invesco BulletShares 2028 Municipal Bond ETF by 12.0% in the fourth quarter. LPL Financial LLC now owns 478,530 shares of the company’s stock valued at $11,245,000 after buying an additional 51,111 shares during the period. Invesco Ltd. raised its stake in Invesco BulletShares 2028 Municipal Bond ETF by 60.0% in the fourth quarter. Invesco Ltd. now owns 379,068 shares of the company’s stock valued at $8,908,000 after buying an additional 142,158 shares during the period. Truist Financial Corp raised its stake in Invesco BulletShares 2028 Municipal Bond ETF by 1.4% in the fourth quarter. Truist Financial Corp now owns 298,844 shares of the company’s stock valued at $7,023,000 after buying an additional 4,231 shares during the period. Bank of America Corp DE raised its stake in Invesco BulletShares 2028 Municipal Bond ETF by 13.8% in the first quarter. Bank of America Corp DE now owns 292,733 shares of the company’s stock valued at $6,848,000 after buying an additional 35,458 shares during the period. Finally, UBS Group AG raised its stake in Invesco BulletShares 2028 Municipal Bond ETF by 25.5% in the fourth quarter. UBS Group AG now owns 226,787 shares of the company’s stock valued at $5,329,000 after buying an additional 46,088 shares during the period.

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.