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

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

Invesco BulletShares 2027 Municipal Bond ETF Stock Down 0.1 %

Shares of BSMR stock opened at $23.69 on Friday. The stock’s 50-day moving average is $23.70 and its two-hundred day moving average is $23.61. Invesco BulletShares 2027 Municipal Bond ETF has a 1 year low of $23.19 and a 1 year high of $23.92.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were given a dividend of $0.056 per share. This is a positive change from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.67 annualized dividend and a yield of 2.84%.

Institutional Investors Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Several large investors have recently modified their holdings of the company. River Street Advisors LLC purchased a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the third quarter worth about $50,000. Webster Bank N. A. grew its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 25.1% in the 3rd quarter. Webster Bank N. A. now owns 3,160 shares of the company’s stock valued at $75,000 after purchasing an additional 635 shares during the last quarter. First Command Advisory Services Inc. increased its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 88.4% in the second quarter. First Command Advisory Services Inc. now owns 5,604 shares of the company’s stock valued at $132,000 after purchasing an additional 2,629 shares during the period. Voisard Asset Management Group Inc. acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the third quarter valued at approximately $211,000. Finally, Kades & Cheifetz LLC purchased a new stake in shares of Invesco BulletShares 2027 Municipal Bond ETF during the third quarter worth approximately $224,000.

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.