Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Short Interest Up 48.4% in December

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the target of a large growth in short interest in 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 Stock Performance

Invesco BulletShares 2027 Municipal Bond ETF stock traded up $0.07 during trading on Monday, reaching $23.62. 1,759 shares of the company were exchanged, compared to its average volume of 45,666. The stock’s 50 day simple moving average is $23.69 and its two-hundred day simple moving average is $23.67. Invesco BulletShares 2027 Municipal Bond ETF has a 52-week low of $23.30 and a 52-week high of $23.93.

Invesco BulletShares 2027 Municipal Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. River Street Advisors LLC purchased a new position in Invesco BulletShares 2027 Municipal Bond ETF during the third quarter worth about $50,000. Webster Bank N. A. lifted its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 25.1% in the third quarter. Webster Bank N. A. now owns 3,160 shares of the company’s stock valued at $75,000 after acquiring an additional 635 shares during the last quarter. Voisard Asset Management Group Inc. acquired a new position in Invesco BulletShares 2027 Municipal Bond ETF in the third quarter valued at approximately $211,000. Kades & Cheifetz LLC purchased a new position in Invesco BulletShares 2027 Municipal Bond ETF in the third quarter worth approximately $224,000. Finally, Captrust Financial Advisors increased its stake in Invesco BulletShares 2027 Municipal Bond ETF by 11.6% during the third quarter. Captrust Financial Advisors now owns 12,314 shares of the company’s stock worth $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.