Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Short Interest Up 2,464.9% in June

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 18,647 shares, a growth of 2,464.9% from the June 15th total of 727 shares. Based on an average daily volume of 64,085 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Invesco BulletShares 2027 Municipal Bond ETF Stock Performance

Shares of Invesco BulletShares 2027 Municipal Bond ETF stock traded down $0.03 during trading on Friday, hitting $23.63. The company’s stock had a trading volume of 62,210 shares, compared to its average volume of 59,939. Invesco BulletShares 2027 Municipal Bond ETF has a 52 week low of $23.44 and a 52 week high of $23.85. The stock has a 50-day moving average price of $23.62 and a two-hundred day moving average price of $23.68.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.0546 dividend. This is a boost from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 2.8%.

Hedge Funds Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. Financial Solutions Advisory Group Inc. acquired a new stake in shares of Invesco BulletShares 2027 Municipal Bond ETF during the 1st quarter worth approximately $8,155,000. Bank of America Corp DE lifted its position in shares of Invesco BulletShares 2027 Municipal Bond ETF by 63.9% during the 1st quarter. Bank of America Corp DE now owns 466,692 shares of the company’s stock valued at $11,039,000 after acquiring an additional 181,981 shares during the period. Coastline Complete Wealth LLC acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the 4th quarter valued at $3,685,000. Thrivent Financial for Lutherans boosted its stake 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 in the last quarter. Finally, Hills Bank & Trust Co boosted its stake in Invesco BulletShares 2027 Municipal Bond ETF by 68.4% during the fourth quarter. Hills Bank & Trust Co now owns 206,566 shares of the company’s stock worth $4,888,000 after acquiring an additional 83,937 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.