Short Interest in Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Drops By 16.1%

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 13,000 shares, a drop of 16.1% from the February 13th total of 15,500 shares. Based on an average trading volume of 57,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Invesco BulletShares 2027 Municipal Bond ETF Price Performance

Shares of BSMR opened at $23.63 on Tuesday. The business has a 50-day moving average of $23.66 and a 200 day moving average of $23.69. Invesco BulletShares 2027 Municipal Bond ETF has a fifty-two week low of $23.30 and a fifty-two week high of $23.93.

Invesco BulletShares 2027 Municipal Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were paid a $0.0525 dividend. The ex-dividend date was Monday, February 24th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BSMR. Principal Securities Inc. bought a new position in Invesco BulletShares 2027 Municipal Bond ETF in the 4th quarter worth about $94,000. Webster Bank N. A. boosted its stake in Invesco BulletShares 2027 Municipal Bond ETF by 74.7% in the 4th quarter. Webster Bank N. A. now owns 5,520 shares of the company’s stock worth $130,000 after purchasing an additional 2,360 shares during the period. EP Wealth Advisors LLC bought a new position in Invesco BulletShares 2027 Municipal Bond ETF in the 4th quarter worth about $155,000. Signaturefd LLC bought a new position in Invesco BulletShares 2027 Municipal Bond ETF in the 4th quarter worth about $158,000. Finally, PNC Financial Services Group Inc. boosted its stake in Invesco BulletShares 2027 Municipal Bond ETF by 38.3% in the 4th 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 period.

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.