Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Shares Shorted: Short Interest Down 83.3% in October

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 13,738 shares, a decrease of 83.3% from the September 30th total of 82,378 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 134,614 shares, the short-interest ratio is currently 0.1 days.

Invesco BulletShares 2027 Municipal Bond ETF Stock Performance

BSMR traded up $0.03 during trading on Wednesday, reaching $23.53. 46,300 shares of the company’s stock were exchanged, compared to its average volume of 67,217. Invesco BulletShares 2027 Municipal Bond ETF has a 1 year low of $23.12 and a 1 year high of $23.85. The company’s fifty day simple moving average is $23.45 and its 200-day simple moving average is $23.61.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were given a dividend of $0.0565 per share. The ex-dividend date of this dividend was Monday, October 19th. This represents a $0.68 annualized dividend and a yield of 2.9%. This is an increase from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.0530.

Hedge Funds Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 63.9% during the first quarter. Bank of America Corp DE now owns 466,692 shares of the company’s stock worth $11,039,000 after acquiring an additional 181,981 shares during the period. Financial Solutions Advisory Group Inc. purchased a new stake in Invesco BulletShares 2027 Municipal Bond ETF in the 1st quarter worth approximately $8,155,000. Key Financial Inc grew its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 10.8% during the 1st quarter. Key Financial Inc now owns 342,056 shares of the company’s stock worth $8,091,000 after purchasing an additional 33,267 shares during the period. NewEdge Advisors LLC grew its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 7.0% during the 2nd quarter. NewEdge Advisors LLC now owns 217,832 shares of the company’s stock worth $5,150,000 after purchasing an additional 14,192 shares during the period. Finally, Precedent Wealth Partners LLC increased its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 12.7% during the 3rd quarter. Precedent Wealth Partners LLC now owns 214,181 shares of the company’s stock valued at $4,982,000 after purchasing an additional 24,129 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.