Short Interest in Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Drops By 31.1%

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 11,300 shares, a decrease of 31.1% from the September 30th total of 16,400 shares. Based on an average daily volume of 61,300 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. First Command Advisory Services Inc. bought a new position in Invesco BulletShares 2027 Municipal Bond ETF during the first quarter valued at $70,000. Webster Bank N. A. grew its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 25.1% during the third quarter. Webster Bank N. A. now owns 3,160 shares of the company’s stock valued at $75,000 after purchasing an additional 635 shares during the period. Voisard Asset Management Group Inc. bought a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the third quarter worth $211,000. Kades & Cheifetz LLC purchased a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the third quarter valued at $224,000. Finally, Foundry Financial Group Inc. grew its position in shares of Invesco BulletShares 2027 Municipal Bond ETF by 12.6% in the first quarter. Foundry Financial Group Inc. now owns 10,544 shares of the company’s stock valued at $249,000 after purchasing an additional 1,184 shares in the last quarter.

Invesco BulletShares 2027 Municipal Bond ETF Price Performance

NASDAQ BSMR traded up $0.03 on Friday, hitting $23.66. 23,488 shares of the stock traded hands, compared to its average volume of 43,602. The business’s fifty day moving average is $23.70 and its two-hundred day moving average is $23.60. Invesco BulletShares 2027 Municipal Bond ETF has a 12 month low of $22.63 and a 12 month high of $23.92.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were issued a dividend of $0.056 per share. This represents a $0.67 annualized dividend and a yield of 2.84%. This is a positive change from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Monday, October 21st.

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.