Invesco BulletShares 2026 Municipal Bond ETF (NASDAQ:BSMQ) Sees Large Drop in Short Interest

Invesco BulletShares 2026 Municipal Bond ETF (NASDAQ:BSMQ) was the target 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 daily 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.

Invesco BulletShares 2026 Municipal Bond ETF Stock Up 0.0%

BSMQ stock traded up $0.01 during trading on Friday, reaching $23.48. 34,930 shares of the stock were exchanged, compared to its average volume of 69,084. Invesco BulletShares 2026 Municipal Bond ETF has a twelve month low of $23.33 and a twelve month high of $23.75. The stock has a 50 day simple moving average of $23.46 and a 200-day simple moving average of $23.56.

Invesco BulletShares 2026 Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were given a dividend of $0.0531 per share. This is a drop from Invesco BulletShares 2026 Municipal Bond ETF’s previous monthly dividend of $0.0531. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, October 19th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BSMQ. Foundry Financial Group Inc. lifted its holdings in shares of Invesco BulletShares 2026 Municipal Bond ETF by 7.3% during the third quarter. Foundry Financial Group Inc. now owns 10,663 shares of the company’s stock valued at $250,000 after acquiring an additional 721 shares during the period. Latitude Advisors LLC bought a new stake in Invesco BulletShares 2026 Municipal Bond ETF during the 3rd quarter worth approximately $146,000. WESPAC Advisors LLC acquired a new stake in Invesco BulletShares 2026 Municipal Bond ETF during the 3rd quarter valued at $311,000. Verdence Capital Advisors LLC acquired a new stake in Invesco BulletShares 2026 Municipal Bond ETF during the 3rd quarter valued at $1,619,000. Finally, Signaturefd LLC acquired a new stake in Invesco BulletShares 2026 Municipal Bond ETF during the 3rd quarter valued at $1,413,000.

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.