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

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 3,933 shares, an increase of 48.6% from the July 30th total of 2,646 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 48,670 shares, the days-to-cover ratio is currently 0.1 days.

Invesco BulletShares 2027 Municipal Bond ETF Stock Performance

Shares of NASDAQ:BSMR opened at $23.58 on Wednesday. The business has a fifty day moving average of $23.62 and a 200-day moving average of $23.65. Invesco BulletShares 2027 Municipal Bond ETF has a twelve month low of $23.49 and a twelve month high of $23.85.

Invesco BulletShares 2027 Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were issued a dividend of $0.0545 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 2.8%.

Hedge Funds Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

A number of institutional investors have recently modified their holdings of BSMR. Financial Solutions Advisory Group Inc. bought a new stake in shares of Invesco BulletShares 2027 Municipal Bond ETF during the first quarter valued at approximately $8,155,000. Bank of America Corp DE increased its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 63.9% in the first quarter. Bank of America Corp DE now owns 466,692 shares of the company’s stock valued at $11,039,000 after purchasing an additional 181,981 shares in the last quarter. Coastline Complete Wealth LLC bought a new position in Invesco BulletShares 2027 Municipal Bond ETF in the 4th quarter worth approximately $3,685,000. Thrivent Financial for Lutherans raised its position 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 worth $2,406,000 after purchasing an additional 87,660 shares during the last quarter. Finally, Hills Bank & Trust Co lifted its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 68.4% during the 4th quarter. Hills Bank & Trust Co now owns 206,566 shares of the company’s stock worth $4,888,000 after buying an additional 83,937 shares in 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.