Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Short Interest Down 41.0% in June

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

Invesco BulletShares 2028 Municipal Bond ETF Stock Up 0.1%

Shares of NASDAQ BSMS traded up $0.03 during midday trading on Wednesday, reaching $23.47. 28,670 shares of the stock traded hands, compared to its average volume of 53,002. Invesco BulletShares 2028 Municipal Bond ETF has a one year low of $23.11 and a one year high of $23.70. The company’s 50 day moving average is $23.42 and its 200 day moving average is $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. Investors of record on Monday, June 22nd were paid a dividend of $0.0563 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 2.9%.

Hedge Funds Weigh In On Invesco BulletShares 2028 Municipal Bond ETF

Several institutional investors have recently bought and sold shares of BSMS. Jane Street Group LLC increased its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 1,087.6% in the 1st quarter. Jane Street Group LLC now owns 165,623 shares of the company’s stock worth $3,838,000 after buying an additional 151,677 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Invesco BulletShares 2028 Municipal Bond ETF by 60.0% in the 4th quarter. Invesco Ltd. now owns 379,068 shares of the company’s stock valued at $8,908,000 after acquiring an additional 142,158 shares during the last quarter. Financial Solutions Advisory Group Inc. bought a new position in shares of Invesco BulletShares 2028 Municipal Bond ETF in the 1st quarter valued at about $3,237,000. Atlantic Union Bankshares Corp purchased a new position in Invesco BulletShares 2028 Municipal Bond ETF in the fourth quarter worth about $3,226,000. Finally, Invariant Investment Management purchased a new position in Invesco BulletShares 2028 Municipal Bond ETF in the fourth quarter worth about $2,651,000.

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.