Short Interest in Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Drops 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. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 57,200 shares, the days-to-cover ratio is presently 0.2 days.

Invesco BulletShares 2027 Municipal Bond ETF Stock Performance

NASDAQ:BSMR opened at $23.67 on Thursday. Invesco BulletShares 2027 Municipal Bond ETF has a one year low of $23.30 and a one year high of $23.93. The firm has a 50-day simple moving average of $23.66 and a 200-day simple moving average of $23.69.

Invesco BulletShares 2027 Municipal Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were paid a dividend of $0.0525 per share. The ex-dividend date of this dividend was Monday, February 24th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Principal Securities Inc. bought a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the 4th quarter worth approximately $94,000. Webster Bank N. A. raised its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 74.7% during the 4th 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 bought a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the 4th quarter worth approximately $155,000. Signaturefd LLC bought a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF during the 4th quarter worth approximately $158,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 38.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,659 shares of the company’s stock worth $181,000 after acquiring an additional 2,121 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.