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

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 19,776 shares, an increase of 64.6% from the August 31st total of 12,017 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 71,641 shares, the days-to-cover ratio is presently 0.3 days.

Invesco BulletShares 2027 Municipal Bond ETF Stock Up 0.5%

Shares of BSMR traded up $0.10 during midday trading on Wednesday, hitting $23.27. 102,892 shares of the company traded hands, compared to its average volume of 60,930. The firm has a 50 day moving average of $23.55 and a 200-day moving average of $23.61. Invesco BulletShares 2027 Municipal Bond ETF has a 52 week low of $23.12 and a 52 week high of $23.85.

Invesco BulletShares 2027 Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.0530 dividend. This is a decrease from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.0545. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, September 21st.

Hedge Funds Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Several institutional investors have recently added to or reduced their stakes in BSMR. Coastline Complete Wealth LLC bought a new stake in Invesco BulletShares 2027 Municipal Bond ETF in the fourth quarter worth $3,685,000. Wedmont Private Capital bought a new position in Invesco BulletShares 2027 Municipal Bond ETF during the second quarter valued at $720,000. Kinetic Wealth Investment Advisors LLC purchased a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the 2nd quarter worth $1,515,000. OLD Second National Bank of Aurora grew its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 505.9% in the 1st quarter. OLD Second National Bank of Aurora now owns 31,506 shares of the company’s stock worth $745,000 after buying an additional 26,306 shares in the last quarter. Finally, Key Financial Inc increased its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 10.8% in the 1st quarter. Key Financial Inc now owns 342,056 shares of the company’s stock worth $8,091,000 after buying an additional 33,267 shares during the last quarter.

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.