Invesco BulletShares 2032 Municipal Bond ETF (NASDAQ:BSMW) Short Interest Down 88.2% in July

Invesco BulletShares 2032 Municipal Bond ETF (NASDAQ:BSMW) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 2,900 shares, a drop of 88.2% from the June 30th total of 24,500 shares. Based on an average trading volume of 10,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Comerica Bank increased its holdings in Invesco BulletShares 2032 Municipal Bond ETF by 283.9% in the first quarter. Comerica Bank now owns 3,904 shares of the company’s stock worth $100,000 after buying an additional 2,887 shares during the last quarter. First Command Advisory Services Inc. raised its holdings in shares of Invesco BulletShares 2032 Municipal Bond ETF by 129.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 4,067 shares of the company’s stock valued at $103,000 after purchasing an additional 2,291 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Invesco BulletShares 2032 Municipal Bond ETF in the 2nd quarter valued at $153,000. Beacon Pointe Advisors LLC acquired a new position in Invesco BulletShares 2032 Municipal Bond ETF during the fourth quarter worth $238,000. Finally, Bill Few Associates Inc. raised its holdings in Invesco BulletShares 2032 Municipal Bond ETF by 50.5% during the second quarter. Bill Few Associates Inc. now owns 11,825 shares of the company’s stock valued at $298,000 after buying an additional 3,970 shares in the last quarter.

Invesco BulletShares 2032 Municipal Bond ETF Stock Performance

BSMW stock opened at $25.33 on Friday. Invesco BulletShares 2032 Municipal Bond ETF has a 52 week low of $23.46 and a 52 week high of $26.13. The firm has a 50 day simple moving average of $25.24 and a 200 day simple moving average of $25.45.

Invesco BulletShares 2032 Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a dividend of $0.0732 per share. This is a boost from Invesco BulletShares 2032 Municipal Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.88 dividend on an annualized basis and a yield of 3.47%.

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.