Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Short Interest Up 208.7% in April

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 56,500 shares, a growth of 208.7% from the March 31st total of 18,300 shares. Based on an average trading volume of 29,800 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

A number of large investors have recently made changes to their positions in BSMR. Webster Bank N. A. increased its position in shares of Invesco BulletShares 2027 Municipal Bond ETF by 49.9% during the first quarter. Webster Bank N. A. now owns 2,525 shares of the company’s stock worth $60,000 after purchasing an additional 840 shares in the last quarter. MGO One Seven LLC acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the third quarter worth $202,000. Foundry Financial Group Inc. acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the fourth quarter worth $224,000. Levy Wealth Management Group LLC acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the fourth quarter worth $250,000. Finally, Denver Wealth Management Inc. acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the fourth quarter worth $257,000.

Invesco BulletShares 2027 Municipal Bond ETF Trading Down 0.1 %

Shares of NASDAQ:BSMR traded down $0.04 on Thursday, reaching $23.45. The company had a trading volume of 8,986 shares, compared to its average volume of 29,980. Invesco BulletShares 2027 Municipal Bond ETF has a 52-week low of $22.63 and a 52-week high of $23.92. The firm’s 50 day simple moving average is $23.65 and its 200-day simple moving average is $23.53.

Invesco BulletShares 2027 Municipal Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, April 26th. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.0556 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Monday, April 22nd.

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.