Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Sees Large Increase in Short Interest

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMRGet Free Report) saw 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 sold short. Based on an average daily volume of 64,085 shares, the days-to-cover ratio is currently 0.3 days.

Invesco BulletShares 2027 Municipal Bond ETF Price Performance

NASDAQ BSMR traded down $0.03 on Friday, hitting $23.63. 62,210 shares of the stock traded hands, compared to its average volume of 59,939. The business’s fifty day moving average is $23.62 and its two-hundred day moving average is $23.68. Invesco BulletShares 2027 Municipal Bond ETF has a 12 month low of $23.44 and a 12 month high of $23.85.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.0546 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its stake in Invesco BulletShares 2027 Municipal Bond ETF by 8.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,622 shares of the company’s stock valued at $228,000 after acquiring an additional 765 shares during the period. Tassel Capital Management Inc. raised its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 7.2% during the 1st quarter. Tassel Capital Management Inc. now owns 12,427 shares of the company’s stock valued at $294,000 after acquiring an additional 837 shares during the period. River Street Advisors LLC boosted its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 5.6% in the fourth quarter. River Street Advisors LLC now owns 22,200 shares of the company’s stock worth $525,000 after acquiring an additional 1,180 shares during the period. Coastal Bridge Advisors LLC grew its position in shares of Invesco BulletShares 2027 Municipal Bond ETF by 11.6% in the fourth quarter. Coastal Bridge Advisors LLC now owns 11,463 shares of the company’s stock valued at $271,000 after purchasing an additional 1,191 shares in the last quarter. Finally, Horizons Wealth Management raised its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 7.8% during the 4th quarter. Horizons Wealth Management now owns 17,618 shares of the company’s stock valued at $417,000 after purchasing an additional 1,272 shares during the period.

About Invesco BulletShares 2027 Municipal Bond ETF

(Get Free Report)

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.

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