Short Interest in Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Declines By 16.1%

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 13,000 shares, a decline of 16.1% from the February 13th total of 15,500 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 57,200 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Principal Securities Inc. bought a new stake in shares of Invesco BulletShares 2027 Municipal Bond ETF in the 4th quarter worth approximately $94,000. Webster Bank N. A. boosted its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 74.7% in the fourth quarter. Webster Bank N. A. now owns 5,520 shares of the company’s stock worth $130,000 after acquiring an additional 2,360 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Invesco BulletShares 2027 Municipal Bond ETF in the fourth quarter worth $155,000. Signaturefd LLC bought a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the fourth quarter valued at $158,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Invesco BulletShares 2027 Municipal Bond ETF by 38.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,659 shares of the company’s stock worth $181,000 after purchasing an additional 2,121 shares during the last quarter.

Invesco BulletShares 2027 Municipal Bond ETF Price Performance

Shares of NASDAQ:BSMR opened at $23.65 on Wednesday. The stock has a 50 day moving average price of $23.66 and a 200-day moving average price of $23.69. 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 company also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were issued a $0.0525 dividend. The ex-dividend date was Monday, February 24th.

Invesco BulletShares 2027 Municipal Bond ETF Company Profile

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.