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

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 30,800 shares, an increase of 172.6% from the October 15th total of 11,300 shares. Based on an average trading volume of 59,700 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Several institutional investors have recently made changes to their positions in BSMR. River Street Advisors LLC purchased a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the 3rd quarter valued at about $50,000. Webster Bank N. A. boosted 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 worth $75,000 after buying an additional 635 shares in the last quarter. First Command Advisory Services Inc. grew its position in Invesco BulletShares 2027 Municipal Bond ETF by 88.4% during the second quarter. First Command Advisory Services Inc. now owns 5,604 shares of the company’s stock worth $132,000 after buying an additional 2,629 shares during the period. Voisard Asset Management Group Inc. purchased a new position in Invesco BulletShares 2027 Municipal Bond ETF in the third quarter valued at about $211,000. Finally, Kades & Cheifetz LLC acquired a new stake in shares of Invesco BulletShares 2027 Municipal Bond ETF during the 3rd quarter valued at approximately $224,000.

Invesco BulletShares 2027 Municipal Bond ETF Price Performance

Shares of BSMR stock opened at $23.69 on Friday. The stock has a 50 day simple moving average of $23.70 and a 200-day simple moving average of $23.61. Invesco BulletShares 2027 Municipal Bond ETF has a 12-month low of $23.19 and a 12-month high of $23.92.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were given a $0.056 dividend. This is a boost 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. This represents a $0.67 annualized dividend and a yield of 2.84%.

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.