Invesco BulletShares 2025 Municipal Bond ETF (NASDAQ:BSMP) Sees Large Growth in Short Interest

Invesco BulletShares 2025 Municipal Bond ETF (NASDAQ:BSMP) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 35,200 shares, a growth of 217.1% from the June 30th total of 11,100 shares. Based on an average trading volume of 40,700 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Invesco BulletShares 2025 Municipal Bond ETF

Several hedge funds have recently made changes to their positions in BSMP. Key Financial Inc lifted its stake in Invesco BulletShares 2025 Municipal Bond ETF by 16.7% during the fourth quarter. Key Financial Inc now owns 71,185 shares of the company’s stock worth $1,747,000 after purchasing an additional 10,200 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Invesco BulletShares 2025 Municipal Bond ETF by 4.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 20,290 shares of the company’s stock worth $498,000 after buying an additional 794 shares during the last quarter. Raymond James & Associates boosted its stake in Invesco BulletShares 2025 Municipal Bond ETF by 19.4% in the fourth quarter. Raymond James & Associates now owns 139,356 shares of the company’s stock worth $3,419,000 after buying an additional 22,666 shares in the last quarter. StrategIQ Financial Group LLC bought a new position in Invesco BulletShares 2025 Municipal Bond ETF during the fourth quarter valued at approximately $256,000. Finally, Paulson Wealth Management Inc. raised its stake in shares of Invesco BulletShares 2025 Municipal Bond ETF by 13.1% during the fourth quarter. Paulson Wealth Management Inc. now owns 27,231 shares of the company’s stock worth $668,000 after acquiring an additional 3,162 shares in the last quarter.

Invesco BulletShares 2025 Municipal Bond ETF Price Performance

NASDAQ:BSMP opened at $24.49 on Friday. The business has a fifty day simple moving average of $24.33 and a two-hundred day simple moving average of $24.37. Invesco BulletShares 2025 Municipal Bond ETF has a 1 year low of $23.83 and a 1 year high of $24.59.

Invesco BulletShares 2025 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 26th. Shareholders of record on Monday, July 22nd will be issued a dividend of $0.053 per share. The ex-dividend date of this dividend is Monday, July 22nd. This is an increase from Invesco BulletShares 2025 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a $0.64 annualized dividend and a yield of 2.60%.

Invesco BulletShares 2025 Municipal Bond ETF Company Profile

The Invesco BulletShares 2025 Municipal Bond ETF (BSMP) 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 2025. BSMP was launched on Sep 25, 2019 and is managed by Invesco.