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

Invesco BulletShares 2025 Municipal Bond ETF (NASDAQ:BSMP) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,400 shares, a drop of 94.5% from the February 28th total of 25,300 shares. Based on an average daily volume of 57,600 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2025 Municipal Bond ETF

A number of hedge funds have recently made changes to their positions in BSMP. OneAscent Financial Services LLC purchased a new stake in Invesco BulletShares 2025 Municipal Bond ETF in the fourth quarter valued at approximately $4,680,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco BulletShares 2025 Municipal Bond ETF in the 4th quarter valued at $3,517,000. Envestnet Asset Management Inc. raised its holdings in shares of Invesco BulletShares 2025 Municipal Bond ETF by 50.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 310,150 shares of the company’s stock valued at $7,602,000 after buying an additional 103,557 shares during the period. PNC Financial Services Group Inc. lifted its stake in Invesco BulletShares 2025 Municipal Bond ETF by 90.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 155,160 shares of the company’s stock worth $3,803,000 after acquiring an additional 73,590 shares in the last quarter. Finally, Atlantic Union Bankshares Corp boosted its holdings in Invesco BulletShares 2025 Municipal Bond ETF by 33.8% during the 4th quarter. Atlantic Union Bankshares Corp now owns 244,584 shares of the company’s stock valued at $5,995,000 after acquiring an additional 61,838 shares during the period.

Invesco BulletShares 2025 Municipal Bond ETF Stock Up 0.2 %

NASDAQ BSMP opened at $24.46 on Friday. The firm’s 50-day moving average is $24.54 and its two-hundred day moving average is $24.53. Invesco BulletShares 2025 Municipal Bond ETF has a 12 month low of $24.06 and a 12 month high of $24.77.

Invesco BulletShares 2025 Municipal Bond ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a $0.0514 dividend. This is a positive change from Invesco BulletShares 2025 Municipal Bond ETF’s previous dividend of $0.05. The ex-dividend date is Monday, March 24th.

About Invesco BulletShares 2025 Municipal Bond ETF

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.