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

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 58,600 shares, a growth of 48.4% from the November 30th total of 39,500 shares. Based on an average daily volume of 47,800 shares, the days-to-cover ratio is currently 1.2 days.

Invesco BulletShares 2027 Municipal Bond ETF Price Performance

BSMR stock traded up $0.07 during trading on Monday, reaching $23.62. 10,442 shares of the company traded hands, compared to its average volume of 45,703. The business has a 50 day simple moving average of $23.69 and a 200 day simple moving average of $23.67. Invesco BulletShares 2027 Municipal Bond ETF has a 12 month low of $23.30 and a 12 month high of $23.93.

Invesco BulletShares 2027 Municipal Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.0534 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in BSMR. River Street Advisors LLC acquired a new stake in shares of Invesco BulletShares 2027 Municipal Bond ETF during the 3rd quarter worth approximately $50,000. Webster Bank N. A. grew its holdings in 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 buying an additional 635 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco BulletShares 2027 Municipal Bond ETF in the 3rd quarter worth $211,000. Kades & Cheifetz LLC purchased a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the 3rd quarter worth $224,000. Finally, Captrust Financial Advisors boosted its position in shares of Invesco BulletShares 2027 Municipal Bond ETF by 11.6% during the 3rd quarter. Captrust Financial Advisors now owns 12,314 shares of the company’s stock valued at $292,000 after acquiring an additional 1,279 shares during the last quarter.

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.