Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Short Interest Down 48.1% in March

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 16,500 shares, a drop of 48.1% from the March 15th total of 31,800 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 58,800 shares, the short-interest ratio is currently 0.3 days.

Invesco BulletShares 2027 Municipal Bond ETF Stock Performance

Shares of BSMR traded up $0.02 during midday trading on Wednesday, hitting $23.22. The company had a trading volume of 10,794 shares, compared to its average volume of 53,431. The company’s 50-day simple moving average is $23.57 and its 200-day simple moving average is $23.64. Invesco BulletShares 2027 Municipal Bond ETF has a 1 year low of $22.88 and a 1 year high of $23.93.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

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

Hedge Funds Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Institutional investors have recently bought and sold shares of the company. Principal Securities Inc. purchased a new position in Invesco BulletShares 2027 Municipal Bond ETF during the 4th quarter valued at about $94,000. Webster Bank N. A. increased its position in shares of Invesco BulletShares 2027 Municipal Bond ETF by 74.7% in the fourth 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 stake in shares of Invesco BulletShares 2027 Municipal Bond ETF in the fourth quarter worth about $155,000. Signaturefd LLC acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the fourth quarter worth $158,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of 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 valued at $181,000 after acquiring an additional 2,121 shares in the last quarter.

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.