Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Short Interest Up 172.6% in October

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 30,800 shares, an increase of 172.6% from the October 15th total of 11,300 shares. Based on an average trading volume of 59,700 shares, the days-to-cover ratio is presently 0.5 days.

Invesco BulletShares 2027 Municipal Bond ETF Stock Performance

NASDAQ BSMR traded down $0.01 during trading on Thursday, hitting $23.71. The stock had a trading volume of 9,707 shares, compared to its average volume of 44,490. Invesco BulletShares 2027 Municipal Bond ETF has a twelve month low of $23.19 and a twelve month high of $23.92. The firm has a 50 day moving average price of $23.70 and a 200 day moving average price of $23.61.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were paid a $0.056 dividend. The ex-dividend date of this dividend was Monday, October 21st. This is a boost from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.06. This represents a $0.67 dividend on an annualized basis and a yield of 2.83%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the 2nd quarter worth approximately $1,814,000. CreativeOne Wealth LLC acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the third quarter worth about $1,286,000. Atlantic Union Bankshares Corp increased its stake in Invesco BulletShares 2027 Municipal Bond ETF by 37.8% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 186,189 shares of the company’s stock worth $4,413,000 after buying an additional 51,082 shares during the period. Hobbs Group Advisors LLC purchased a new stake in shares of Invesco BulletShares 2027 Municipal Bond ETF during the second quarter worth about $892,000. Finally, Avior Wealth Management LLC raised its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 51.3% in the third quarter. Avior Wealth Management LLC now owns 88,559 shares of the company’s stock valued at $2,099,000 after acquiring an additional 30,040 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.