Invesco BulletShares 2032 Municipal Bond ETF (NASDAQ:BSMW) Short Interest Up 60.2% in May

Invesco BulletShares 2032 Municipal Bond ETF (NASDAQ:BSMW) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 34,600 shares, an increase of 60.2% from the May 15th total of 21,600 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 32,100 shares, the days-to-cover ratio is presently 1.1 days.

Invesco BulletShares 2032 Municipal Bond ETF Price Performance

Shares of BSMW opened at $24.39 on Friday. Invesco BulletShares 2032 Municipal Bond ETF has a 52-week low of $22.90 and a 52-week high of $26.21. The business’s 50 day moving average price is $24.27 and its two-hundred day moving average price is $24.78.

Invesco BulletShares 2032 Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 19th were paid a $0.0707 dividend. This represents a $0.85 annualized dividend and a yield of 3.48%. The ex-dividend date was Monday, May 19th.

Hedge Funds Weigh In On Invesco BulletShares 2032 Municipal Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new position in shares of Invesco BulletShares 2032 Municipal Bond ETF during the fourth quarter worth approximately $99,000. Jacobi Capital Management LLC raised its position in shares of Invesco BulletShares 2032 Municipal Bond ETF by 5.6% during the fourth quarter. Jacobi Capital Management LLC now owns 10,332 shares of the company’s stock worth $259,000 after purchasing an additional 550 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Invesco BulletShares 2032 Municipal Bond ETF during the fourth quarter worth approximately $1,937,000. Opulen Financial Group LLC acquired a new position in shares of Invesco BulletShares 2032 Municipal Bond ETF during the fourth quarter worth approximately $215,000. Finally, Atlantic Union Bankshares Corp raised its position in shares of Invesco BulletShares 2032 Municipal Bond ETF by 37.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 219,372 shares of the company’s stock worth $5,504,000 after purchasing an additional 59,844 shares during the period.

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.