Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Shares Shorted: Short Interest Up 64.6% in September

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 19,776 shares, an increase of 64.6% from the August 31st total of 12,017 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 71,641 shares, the days-to-cover ratio is presently 0.3 days.

Invesco BulletShares 2027 Municipal Bond ETF Trading Up 0.2%

Shares of NASDAQ:BSMR opened at $23.30 on Thursday. The firm’s 50 day moving average price is $23.54 and its 200-day moving average price is $23.60. Invesco BulletShares 2027 Municipal Bond ETF has a twelve month low of $23.12 and a twelve month high of $23.85.

Invesco BulletShares 2027 Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a $0.0530 dividend. The ex-dividend date was Monday, September 21st. This is a drop from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.0545. This represents a $0.64 annualized dividend and a yield of 2.7%.

Institutional Investors Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

A number of hedge funds have recently modified their holdings of the business. Coastline Complete Wealth LLC purchased a new stake in Invesco BulletShares 2027 Municipal Bond ETF in the fourth quarter worth about $3,685,000. Wedmont Private Capital purchased a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the 2nd quarter valued at about $720,000. Kinetic Wealth Investment Advisors LLC bought a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the 2nd quarter valued at approximately $1,515,000. OLD Second National Bank of Aurora grew its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 505.9% during the 1st quarter. OLD Second National Bank of Aurora now owns 31,506 shares of the company’s stock valued at $745,000 after acquiring an additional 26,306 shares during the period. Finally, Private Advisor Group LLC increased its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 97.2% in the 1st quarter. Private Advisor Group LLC now owns 53,311 shares of the company’s stock worth $1,261,000 after acquiring an additional 26,282 shares in 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.