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

Invesco BulletShares 2032 Municipal Bond ETF (NASDAQ:BSMWGet Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 27,672 shares, an increase 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 stock are short sold.

Institutional Investors Weigh In On Invesco BulletShares 2032 Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. acquired a new position in Invesco BulletShares 2032 Municipal Bond ETF during the second quarter worth about $21,239,000. Gill Capital Partners LLC lifted its holdings in shares of Invesco BulletShares 2032 Municipal Bond ETF by 60,816.7% in the second quarter. Gill Capital Partners LLC now owns 572,617 shares of the company’s stock worth $14,396,000 after acquiring an additional 571,677 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Invesco BulletShares 2032 Municipal Bond ETF by 2,056.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 537,829 shares of the company’s stock valued at $13,521,000 after purchasing an additional 512,884 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Invesco BulletShares 2032 Municipal Bond ETF by 46.2% in the 1st quarter. Bank of America Corp DE now owns 198,668 shares of the company’s stock valued at $4,938,000 after purchasing an additional 62,739 shares in the last quarter. Finally, Straight Path Wealth Management acquired a new stake in shares of Invesco BulletShares 2032 Municipal Bond ETF in the 2nd quarter valued at approximately $4,602,000.

Invesco BulletShares 2032 Municipal Bond ETF Price Performance

Shares of NASDAQ:BSMW traded up $0.03 during midday trading on Tuesday, hitting $24.18. The stock had a trading volume of 2,630 shares, compared to its average volume of 36,982. The company’s 50-day moving average price is $24.72 and its 200-day moving average price is $24.95. Invesco BulletShares 2032 Municipal Bond ETF has a fifty-two week low of $24.10 and a fifty-two week high of $25.57.

Invesco BulletShares 2032 Municipal Bond ETF Increases Dividend

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

About Invesco BulletShares 2032 Municipal Bond ETF

(Get Free Report)

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.

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