Invesco BulletShares 2032 Municipal Bond ETF (NASDAQ:BSMW) Sees Significant Increase in Short Interest

Invesco BulletShares 2032 Municipal Bond ETF (NASDAQ:BSMW) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 27,672 shares, a growth of 147.1% from the August 15th total of 11,200 shares. Based on an average daily trading volume, of 29,180 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the shares of the company are short sold.

Invesco BulletShares 2032 Municipal Bond ETF Stock Up 0.2%

Shares of BSMW stock traded up $0.06 during trading hours on Friday, reaching $24.20. 81,742 shares of the company traded hands, compared to its average volume of 36,938. Invesco BulletShares 2032 Municipal Bond ETF has a 12-month low of $24.10 and a 12-month high of $25.57. The firm has a 50-day moving average price of $24.74 and a 200 day moving average price of $24.96.

Invesco BulletShares 2032 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a $0.0735 dividend. The ex-dividend date was Monday, August 24th. This is an increase from Invesco BulletShares 2032 Municipal Bond ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

Institutional Trading of Invesco BulletShares 2032 Municipal Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of Invesco BulletShares 2032 Municipal Bond ETF during the 1st quarter valued at $72,000. Ascentis Independent Advisors purchased a new position in shares of Invesco BulletShares 2032 Municipal Bond ETF during the 1st quarter valued at $140,000. Cookson Peirce & Co. Inc. bought a new position in Invesco BulletShares 2032 Municipal Bond ETF in the 4th quarter worth $210,000. Independent Financial Group LLC bought a new position in Invesco BulletShares 2032 Municipal Bond ETF in the 1st quarter worth $224,000. Finally, United Capital Financial Advisors LLC purchased a new stake in Invesco BulletShares 2032 Municipal Bond ETF in the 3rd quarter worth $236,000.

Invesco BulletShares 2032 Municipal Bond ETF Company Profile

The Invesco BulletShares 2032 Municipal Bond ETF (BSMW) 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 2032. BSMW was launched on Mar 1, 2023 and is managed by Invesco.