Short Interest in Invesco BulletShares (R) 2027 Municipal Bond ETF (NASDAQ:BSMR) Increases By 563.6%

Invesco BulletShares (R) 2027 Municipal Bond ETF (NASDAQ:BSMRGet Rating) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 7,300 shares, an increase of 563.6% from the April 30th total of 1,100 shares. Based on an average daily volume of 9,900 shares, the days-to-cover ratio is presently 0.7 days.

Shares of NASDAQ BSMR traded up $0.11 during midday trading on Wednesday, reaching $23.62. 3,710 shares of the stock were exchanged, compared to its average volume of 8,681. The business has a 50-day simple moving average of $23.80 and a two-hundred day simple moving average of $24.86. Invesco BulletShares has a 12 month low of $23.19 and a 12 month high of $26.15.

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Tuesday, May 24th will be given a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Invesco BulletShares (R) 2027 Municipal Bond ETF’s previous monthly dividend of $0.02. The ex-dividend date is Monday, May 23rd.

Several hedge funds and other institutional investors have recently made changes to their positions in BSMR. Jane Street Group LLC raised its holdings in shares of Invesco BulletShares (R) 2027 Municipal Bond ETF by 38.7% during the first quarter. Jane Street Group LLC now owns 55,442 shares of the company’s stock worth $1,342,000 after acquiring an additional 15,461 shares during the period. NorthCrest Asset Manangement LLC acquired a new stake in shares of Invesco BulletShares (R) 2027 Municipal Bond ETF during the fourth quarter worth $273,000. Royal Bank of Canada raised its holdings in shares of Invesco BulletShares (R) 2027 Municipal Bond ETF by 45.0% during the third quarter. Royal Bank of Canada now owns 31,166 shares of the company’s stock worth $802,000 after acquiring an additional 9,671 shares during the period. Advisor Group Holdings Inc. raised its holdings in shares of Invesco BulletShares (R) 2027 Municipal Bond ETF by 68.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 21,638 shares of the company’s stock worth $559,000 after acquiring an additional 8,761 shares during the period. Finally, LPL Financial LLC increased its stake in Invesco BulletShares (R) 2027 Municipal Bond ETF by 23.8% in the 4th quarter. LPL Financial LLC now owns 33,769 shares of the company’s stock valued at $872,000 after buying an additional 6,500 shares during the last quarter.

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