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

Invesco BulletShares 2032 Municipal Bond ETF (NASDAQ:BSMW) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 3,600 shares, a decline of 75.0% from the September 30th total of 14,400 shares. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco BulletShares 2032 Municipal Bond ETF

Several hedge funds have recently added to or reduced their stakes in BSMW. Asset Dedication LLC raised its holdings in shares of Invesco BulletShares 2032 Municipal Bond ETF by 30.0% in the second quarter. Asset Dedication LLC now owns 3,314 shares of the company’s stock worth $84,000 after buying an additional 765 shares during the period. Comerica Bank lifted its position in shares of Invesco BulletShares 2032 Municipal Bond ETF by 283.9% during the first quarter. Comerica Bank now owns 3,904 shares of the company’s stock worth $100,000 after purchasing an additional 2,887 shares during the last quarter. First Command Advisory Services Inc. boosted its stake in shares of Invesco BulletShares 2032 Municipal Bond ETF by 129.0% during the second 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 during the period. Hobbs Group Advisors LLC bought a new position in shares of Invesco BulletShares 2032 Municipal Bond ETF in the second quarter worth about $153,000. Finally, MONECO Advisors LLC purchased a new position in Invesco BulletShares 2032 Municipal Bond ETF in the 3rd quarter worth about $278,000.

Invesco BulletShares 2032 Municipal Bond ETF Stock Performance

BSMW stock traded up $0.14 during trading on Friday, hitting $25.16. 22,200 shares of the stock traded hands, compared to its average volume of 14,143. Invesco BulletShares 2032 Municipal Bond ETF has a 1 year low of $23.46 and a 1 year high of $26.13. The firm’s 50 day moving average is $25.50 and its two-hundred day moving average is $25.36.

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.