Invesco BulletShares 2026 Municipal Bond ETF (NASDAQ:BSMQ) Stock Short Interest Declines 60.2%

Invesco BulletShares 2026 Municipal Bond ETF (NASDAQ:BSMQ) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 6,647 shares, a drop of 60.2% from the September 30th total of 16,685 shares. Based on an average trading volume of 60,272 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Financial Solutions Advisory Group Inc. purchased a new position in shares of Invesco BulletShares 2026 Municipal Bond ETF during the first quarter worth about $3,871,000. Bank of America Corp DE raised its stake in Invesco BulletShares 2026 Municipal Bond ETF by 26.6% in the first quarter. Bank of America Corp DE now owns 554,816 shares of the company’s stock valued at $13,108,000 after purchasing an additional 116,540 shares in the last quarter. Verdence Capital Advisors LLC purchased a new stake in Invesco BulletShares 2026 Municipal Bond ETF in the third quarter valued at approximately $1,619,000. Key Financial Inc raised its stake in Invesco BulletShares 2026 Municipal Bond ETF by 53.4% in the first quarter. Key Financial Inc now owns 193,618 shares of the company’s stock valued at $4,574,000 after purchasing an additional 67,390 shares in the last quarter. Finally, Signaturefd LLC purchased a new stake in Invesco BulletShares 2026 Municipal Bond ETF in the third quarter valued at approximately $1,413,000.

Invesco BulletShares 2026 Municipal Bond ETF Price Performance

Shares of NASDAQ BSMQ traded up $0.01 during mid-day trading on Friday, hitting $23.48. The company had a trading volume of 52,056 shares, compared to its average volume of 69,170. Invesco BulletShares 2026 Municipal Bond ETF has a 1 year low of $23.33 and a 1 year high of $23.75. The stock’s 50-day moving average price is $23.46 and its 200-day moving average price is $23.56.

Invesco BulletShares 2026 Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were paid a $0.0531 dividend. The ex-dividend date was Monday, October 19th. This represents a $0.64 annualized dividend and a yield of 2.7%. This is a decrease from Invesco BulletShares 2026 Municipal Bond ETF’s previous monthly dividend of $0.0531.

Invesco BulletShares 2026 Municipal Bond ETF Company Profile

The Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) 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 2026. BSMQ was launched on Sep 25, 2019 and is managed by Invesco.