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

Invesco BulletShares 2032 Municipal Bond ETF (NASDAQ:BSMW) was the target 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 volume of 29,180 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the shares of the company are short sold.

Invesco BulletShares 2032 Municipal Bond ETF Price Performance

Shares of NASDAQ BSMW traded up $0.06 during midday trading on Friday, hitting $24.20. 81,742 shares of the stock traded hands, compared to its average volume of 36,938. The firm has a 50-day moving average of $24.74 and a two-hundred day moving average of $24.96. Invesco BulletShares 2032 Municipal Bond ETF has a one year low of $24.10 and a one year 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. Investors of record on Monday, August 24th were given a dividend of $0.0735 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a boost from Invesco BulletShares 2032 Municipal Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, August 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in shares of Invesco BulletShares 2032 Municipal Bond ETF by 46.2% during the 1st quarter. Bank of America Corp DE now owns 198,668 shares of the company’s stock worth $4,938,000 after acquiring an additional 62,739 shares during the last quarter. Hills Bank & Trust Co increased its stake in shares of Invesco BulletShares 2032 Municipal Bond ETF by 235.1% in the 4th quarter. Hills Bank & Trust Co now owns 109,974 shares of the company’s stock worth $2,761,000 after purchasing an additional 77,157 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco BulletShares 2032 Municipal Bond ETF by 90.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 57,570 shares of the company’s stock worth $1,446,000 after purchasing an additional 27,301 shares during the period. Sax Wealth Advisors LLC purchased a new position in Invesco BulletShares 2032 Municipal Bond ETF during the second quarter valued at $645,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in Invesco BulletShares 2032 Municipal Bond ETF during the second quarter valued at $3,854,000.

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.