Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Sees Large Increase in Short Interest

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 56,500 shares, an increase of 208.7% from the March 31st total of 18,300 shares. Based on an average trading volume of 29,800 shares, the short-interest ratio is presently 1.9 days.

Invesco BulletShares 2027 Municipal Bond ETF Stock Performance

Shares of NASDAQ:BSMR remained flat at $23.45 during midday trading on Friday. The company had a trading volume of 12,539 shares, compared to its average volume of 29,763. Invesco BulletShares 2027 Municipal Bond ETF has a twelve month low of $22.63 and a twelve month high of $23.92. The stock’s 50-day moving average is $23.65 and its two-hundred day moving average is $23.53.

Invesco BulletShares 2027 Municipal Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $0.0556 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.67 annualized dividend and a yield of 2.84%.

Hedge Funds Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Several institutional investors have recently bought and sold shares of the stock. Avior Wealth Management LLC increased its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 19.7% in the fourth quarter. Avior Wealth Management LLC now owns 31,149 shares of the company’s stock worth $745,000 after purchasing an additional 5,128 shares during the period. Raymond James & Associates increased its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 6.0% in the fourth quarter. Raymond James & Associates now owns 105,775 shares of the company’s stock worth $2,528,000 after purchasing an additional 5,987 shares during the period. LPL Financial LLC increased its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 25.5% in the third quarter. LPL Financial LLC now owns 161,471 shares of the company’s stock worth $3,695,000 after purchasing an additional 32,781 shares during the period. Bill Few Associates Inc. bought a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the fourth quarter worth about $267,000. Finally, MGO One Seven LLC bought a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the third quarter worth about $202,000.

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.