Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Short Interest Update

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 3,300 shares, a drop of 67.3% from the August 15th total of 10,100 shares. Based on an average daily volume of 64,400 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Invesco BulletShares 2027 Municipal Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BSMR. Webster Bank N. A. raised its stake 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 valued at $60,000 after acquiring an additional 840 shares during the last quarter. First Command Advisory Services Inc. purchased a new stake in Invesco BulletShares 2027 Municipal Bond ETF in the 1st quarter worth approximately $70,000. Foundry Financial Group Inc. grew its position in shares of Invesco BulletShares 2027 Municipal Bond ETF by 12.6% in the 1st quarter. Foundry Financial Group Inc. now owns 10,544 shares of the company’s stock worth $249,000 after buying an additional 1,184 shares during the last quarter. Silverlake Wealth Management LLC purchased a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the first quarter valued at approximately $258,000. Finally, MONECO Advisors LLC bought a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the fourth quarter valued at approximately $262,000.

Invesco BulletShares 2027 Municipal Bond ETF Stock Performance

Shares of BSMR remained flat at $23.71 during trading hours on Friday. The stock had a trading volume of 63,682 shares, compared to its average volume of 44,447. Invesco BulletShares 2027 Municipal Bond ETF has a 1 year low of $22.63 and a 1 year high of $23.92. The company’s 50-day moving average is $23.66 and its 200 day moving average is $23.59.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 19th were paid a $0.059 dividend. This is a boost from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a $0.71 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Monday, August 19th.

Invesco BulletShares 2027 Municipal Bond ETF Company Profile

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.