Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Short Interest Down 55.6% in December

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 26,000 shares, a drop of 55.6% from the December 15th total of 58,600 shares. Based on an average trading volume of 53,400 shares, the days-to-cover ratio is currently 0.5 days.

Invesco BulletShares 2027 Municipal Bond ETF Price Performance

Shares of BSMR traded up $0.02 during trading hours on Wednesday, hitting $23.56. The company had a trading volume of 241,542 shares, compared to its average volume of 72,771. Invesco BulletShares 2027 Municipal Bond ETF has a 52-week low of $23.30 and a 52-week high of $23.93. The firm has a fifty day moving average price of $23.69 and a 200-day moving average price of $23.67.

Invesco BulletShares 2027 Municipal Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.0534 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

A number of institutional investors have recently made changes to their positions in the company. Stifel Financial Corp lifted its position in Invesco BulletShares 2027 Municipal Bond ETF by 368.1% in the 3rd quarter. Stifel Financial Corp now owns 53,729 shares of the company’s stock valued at $1,273,000 after acquiring an additional 42,252 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of 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 valued at $292,000 after purchasing an additional 1,279 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 43.5% during the second quarter. Private Advisor Group LLC now owns 27,123 shares of the company’s stock valued at $637,000 after purchasing an additional 8,220 shares in the last quarter. Kades & Cheifetz LLC purchased a new stake in shares of Invesco BulletShares 2027 Municipal Bond ETF during the third quarter valued at $224,000. Finally, Meridian Wealth Management LLC increased its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 6.4% in the 3rd quarter. Meridian Wealth Management LLC now owns 32,420 shares of the company’s stock worth $768,000 after buying an additional 1,938 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.