Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Stock Short Interest Falls 83.3%

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 13,738 shares, a decline of 83.3% from the September 30th total of 82,378 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 134,614 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Foundry Financial Group Inc. boosted its position in shares of Invesco BulletShares 2027 Municipal Bond ETF by 8.5% in the third quarter. Foundry Financial Group Inc. now owns 10,643 shares of the company’s stock valued at $248,000 after acquiring an additional 834 shares during the period. AA Financial Advisors LLC raised its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 6.9% during the third quarter. AA Financial Advisors LLC now owns 23,102 shares of the company’s stock valued at $537,000 after purchasing an additional 1,494 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 32.3% in the 2nd quarter. Anchor Investment Management LLC now owns 8,200 shares of the company’s stock worth $194,000 after acquiring an additional 2,000 shares during the last quarter. Avantax Planning Partners Inc. boosted its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 10.7% during the 1st quarter. Avantax Planning Partners Inc. now owns 23,263 shares of the company’s stock valued at $550,000 after acquiring an additional 2,258 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 4.5% during the 1st quarter. Royal Bank of Canada now owns 67,859 shares of the company’s stock valued at $1,605,000 after buying an additional 2,943 shares during the last quarter.

Invesco BulletShares 2027 Municipal Bond ETF Trading Down 0.1%

Shares of NASDAQ BSMR traded down $0.02 during trading hours on Thursday, hitting $23.51. The company had a trading volume of 81,842 shares, compared to its average volume of 67,287. The firm’s 50 day moving average is $23.45 and its 200-day moving average is $23.61. Invesco BulletShares 2027 Municipal Bond ETF has a 1-year low of $23.12 and a 1-year high of $23.85.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were given a $0.0565 dividend. This is a boost from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.0530. The ex-dividend date was Monday, October 19th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.9%.

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.