Short Interest in Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Declines By 20.5%

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 36,000 shares, a decrease of 20.5% from the January 15th total of 45,300 shares. Based on an average daily trading volume, of 56,900 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 368.1% during the third quarter. Stifel Financial Corp now owns 53,729 shares of the company’s stock valued at $1,273,000 after acquiring an additional 42,252 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the 4th quarter valued at about $320,000. Captrust Financial Advisors grew its position in shares of Invesco BulletShares 2027 Municipal Bond ETF by 11.6% during the 3rd quarter. Captrust Financial Advisors now owns 12,314 shares of the company’s stock worth $292,000 after buying an additional 1,279 shares during the period. Meridian Wealth Management LLC raised its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 6.4% during the third quarter. Meridian Wealth Management LLC now owns 32,420 shares of the company’s stock worth $768,000 after buying an additional 1,938 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 5.1% in the third quarter. MML Investors Services LLC now owns 26,405 shares of the company’s stock valued at $626,000 after buying an additional 1,283 shares during the period.

Invesco BulletShares 2027 Municipal Bond ETF Price Performance

Shares of Invesco BulletShares 2027 Municipal Bond ETF stock traded up $0.05 during midday trading on Monday, hitting $23.73. 29,884 shares of the company were exchanged, compared to its average volume of 56,956. The firm has a 50 day simple moving average of $23.65 and a 200-day simple moving average of $23.68. Invesco BulletShares 2027 Municipal Bond ETF has a 52 week low of $23.30 and a 52 week high of $23.93.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were paid a $0.0551 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This is a positive change from Invesco BulletShares 2027 Municipal Bond ETF’s previous dividend of $0.05.

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.