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

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 31,800 shares, a growth of 144.6% from the February 28th total of 13,000 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 60,300 shares, the days-to-cover ratio is presently 0.5 days.

Invesco BulletShares 2027 Municipal Bond ETF Stock Performance

Shares of Invesco BulletShares 2027 Municipal Bond ETF stock traded up $0.03 on Friday, reaching $23.52. 47,489 shares of the company were exchanged, compared to its average volume of 52,082. The stock’s 50 day moving average price is $23.66 and its 200-day moving average price is $23.68. Invesco BulletShares 2027 Municipal Bond ETF has a 1-year low of $23.30 and a 1-year high of $23.93.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.054 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco BulletShares 2027 Municipal Bond ETF’s previous dividend of $0.05.

Institutional Investors Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of BSMR. Principal Securities Inc. purchased a new position in Invesco BulletShares 2027 Municipal Bond ETF in the fourth quarter valued at $94,000. Webster Bank N. A. boosted its position in shares of Invesco BulletShares 2027 Municipal Bond ETF by 74.7% during the 4th quarter. Webster Bank N. A. now owns 5,520 shares of the company’s stock worth $130,000 after acquiring an additional 2,360 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the 4th quarter valued at about $155,000. Signaturefd LLC acquired a new stake in shares of Invesco BulletShares 2027 Municipal Bond ETF during the 4th quarter worth about $158,000. Finally, PNC Financial Services Group Inc. lifted its stake in Invesco BulletShares 2027 Municipal Bond ETF by 38.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,659 shares of the company’s stock worth $181,000 after purchasing an additional 2,121 shares during the last quarter.

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.