Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Sees Significant Growth in Short Interest

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 18,647 shares, a growth of 2,464.9% from the June 15th total of 727 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 64,085 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSMR. Avior Wealth Management LLC lifted its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 14.9% in the fourth quarter. Avior Wealth Management LLC now owns 191,201 shares of the company’s stock worth $4,525,000 after acquiring an additional 24,814 shares during the last quarter. Webster Bank N. A. grew its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 277.8% during the 4th quarter. Webster Bank N. A. now owns 34,475 shares of the company’s stock valued at $816,000 after purchasing an additional 25,350 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Invesco BulletShares 2027 Municipal Bond ETF during the 4th quarter worth approximately $672,000. UBS Group AG increased its position in Invesco BulletShares 2027 Municipal Bond ETF by 16.5% during the 4th quarter. UBS Group AG now owns 196,395 shares of the company’s stock worth $4,648,000 after purchasing an additional 27,789 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Invesco BulletShares 2027 Municipal Bond ETF by 625.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 101,675 shares of the company’s stock valued at $2,406,000 after purchasing an additional 87,660 shares during the last quarter.

Invesco BulletShares 2027 Municipal Bond ETF Price Performance

NASDAQ:BSMR traded down $0.03 during mid-day trading on Friday, reaching $23.63. 62,210 shares of the company’s stock were exchanged, compared to its average volume of 59,939. Invesco BulletShares 2027 Municipal Bond ETF has a one year low of $23.44 and a one year high of $23.85. The business’s fifty day simple moving average is $23.62 and its two-hundred day simple moving average is $23.68.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.0546 per share. This is a boost 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 was Monday, June 22nd.

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.