Short Interest in Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Drops By 98.4%

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 727 shares, a decrease of 98.4% from the May 31st total of 45,066 shares. Based on an average daily volume of 61,228 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Invesco BulletShares 2027 Municipal Bond ETF Price Performance

NASDAQ:BSMR traded down $0.01 during trading hours on Thursday, hitting $23.62. 33,183 shares of the stock traded hands, compared to its average volume of 60,972. Invesco BulletShares 2027 Municipal Bond ETF has a 1 year low of $23.43 and a 1 year high of $23.85. The stock has a 50 day moving average price of $23.62 and a 200 day moving average price of $23.68.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 22nd will be issued a $0.0546 dividend. This represents a c) annualized dividend and a dividend yield of 2.8%. This is a positive change from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Monday, June 22nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Avior Wealth Management LLC increased its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 14.9% during the fourth quarter. Avior Wealth Management LLC now owns 191,201 shares of the company’s stock valued at $4,525,000 after acquiring an additional 24,814 shares in the last quarter. Webster Bank N. A. lifted its position in Invesco BulletShares 2027 Municipal Bond ETF by 277.8% during the fourth 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 period. Sequoia Financial Advisors LLC purchased a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the 4th quarter valued at about $672,000. UBS Group AG boosted its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 16.5% in the fourth quarter. UBS Group AG now owns 196,395 shares of the company’s stock worth $4,648,000 after buying an additional 27,789 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 625.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 101,675 shares of the company’s stock worth $2,406,000 after acquiring an additional 87,660 shares during the period.

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.