Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Shares Shorted: Short Interest Up 347.7% in October

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 61,508 shares, a growth of 347.7% from the October 15th total of 13,738 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 104,430 shares, the days-to-cover ratio is presently 0.6 days.

Invesco BulletShares 2027 Municipal Bond ETF Stock Performance

Invesco BulletShares 2027 Municipal Bond ETF stock opened at $23.54 on Friday. Invesco BulletShares 2027 Municipal Bond ETF has a 1-year low of $23.12 and a 1-year high of $23.85. The stock’s fifty day moving average is $23.43 and its two-hundred day moving average is $23.60.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. WESPAC Advisors LLC acquired a new stake in Invesco BulletShares 2027 Municipal Bond ETF during the 3rd quarter worth $602,000. Wedmont Private Capital purchased a new stake in Invesco BulletShares 2027 Municipal Bond ETF in the second quarter valued at $720,000. Asset Dedication LLC acquired a new position in Invesco BulletShares 2027 Municipal Bond ETF in the third quarter valued at $3,073,000. Kinetic Wealth Investment Advisors LLC acquired a new position in Invesco BulletShares 2027 Municipal Bond ETF in the second quarter valued at $1,515,000. Finally, AlphaStar Capital Management LLC acquired a new position in Invesco BulletShares 2027 Municipal Bond ETF in the third quarter valued at $889,000.

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.