Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Sees Large Decline in Short Interest

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 727 shares, a drop of 98.4% from the May 31st total of 45,066 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 61,228 shares, the days-to-cover ratio is currently 0.0 days.

Invesco BulletShares 2027 Municipal Bond ETF Trading Up 0.1%

BSMR traded up $0.03 during trading on Friday, reaching $23.65. 12,839 shares of the company’s stock were exchanged, compared to its average volume of 60,547. Invesco BulletShares 2027 Municipal Bond ETF has a one year low of $23.44 and a one year high of $23.85. The firm has a fifty day moving average price of $23.62 and a two-hundred day moving average price of $23.68.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be paid a $0.0546 dividend. This is a positive change from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, June 22nd.

Institutional Trading of Invesco BulletShares 2027 Municipal Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA acquired a new position in Invesco BulletShares 2027 Municipal Bond ETF during the 4th quarter worth about $50,000. IFP Advisors Inc increased its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 158.0% in the third quarter. IFP Advisors Inc now owns 4,094 shares of the company’s stock valued at $97,000 after buying an additional 2,507 shares during the period. Advisory Services Network LLC bought a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the third quarter worth about $136,000. Anchor Investment Management LLC bought a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the first quarter worth about $147,000. Finally, HUB Investment Partners LLC acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the third quarter worth approximately $201,000.

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.