Short Interest in Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Drops By 84.2%

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,646 shares, a decline of 84.2% from the July 15th total of 16,768 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 47,115 shares, the short-interest ratio is presently 0.1 days.

Invesco BulletShares 2027 Municipal Bond ETF Stock Performance

Invesco BulletShares 2027 Municipal Bond ETF stock remained flat at $23.67 during mid-day trading on Wednesday. 20,436 shares of the company’s stock were exchanged, compared to its average volume of 57,821. The company has a fifty day moving average price of $23.62 and a two-hundred day moving average price of $23.66. Invesco BulletShares 2027 Municipal Bond ETF has a twelve month low of $23.48 and a twelve month high of $23.85.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were issued a $0.055 dividend. This is an increase from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Monday, July 20th. This represents a c) annualized dividend and a dividend yield of 2.8%.

Institutional Investors Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSMR. Clark Asset Management LLC lifted its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 31.7% in the 2nd quarter. Clark Asset Management LLC now owns 61,999 shares of the company’s stock valued at $1,466,000 after buying an additional 14,918 shares during the period. NewEdge Advisors LLC raised its position in Invesco BulletShares 2027 Municipal Bond ETF by 11.4% during the first quarter. NewEdge Advisors LLC now owns 203,640 shares of the company’s stock valued at $4,817,000 after acquiring an additional 20,812 shares in the last quarter. Financial Solutions Advisory Group Inc. acquired a new position in Invesco BulletShares 2027 Municipal Bond ETF in the first quarter valued at approximately $8,155,000. Coastline Complete Wealth LLC lifted its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 6.7% in the first quarter. Coastline Complete Wealth LLC now owns 166,160 shares of the company’s stock valued at $3,930,000 after acquiring an additional 10,466 shares during the period. Finally, Hobbs Group Advisors LLC boosted its position in Invesco BulletShares 2027 Municipal Bond ETF by 14.3% in the 1st quarter. Hobbs Group Advisors LLC now owns 29,390 shares of the company’s stock worth $695,000 after purchasing an additional 3,673 shares in 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.