Short Interest in Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Grows By 57.1%

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 38,500 shares, an increase of 57.1% from the May 31st total of 24,500 shares. Based on an average trading volume of 37,400 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Institutional investors have recently made changes to their positions in the stock. Webster Bank N. A. raised its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 49.9% in the first quarter. Webster Bank N. A. now owns 2,525 shares of the company’s stock worth $60,000 after acquiring an additional 840 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the first quarter worth $70,000. Foundry Financial Group Inc. acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the fourth quarter worth $224,000. Levy Wealth Management Group LLC acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the fourth quarter worth $250,000. Finally, Denver Wealth Management Inc. acquired a new position in Invesco BulletShares 2027 Municipal Bond ETF in the fourth quarter valued at $257,000.

Invesco BulletShares 2027 Municipal Bond ETF Price Performance

Shares of NASDAQ BSMR remained flat at $23.48 during trading on Friday. The stock had a trading volume of 38,281 shares, compared to its average volume of 34,845. Invesco BulletShares 2027 Municipal Bond ETF has a 12 month low of $22.63 and a 12 month high of $23.92. The business’s fifty day simple moving average is $23.49 and its 200-day simple moving average is $23.65.

Invesco BulletShares 2027 Municipal Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a $0.0531 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.71%.

About Invesco BulletShares 2027 Municipal Bond ETF

The Invesco BulletShares 2027 Municipal Bond ETF (BSMR) 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 2027. BSMR was launched on Sep 25, 2019 and is managed by Invesco.