BSMO Stock Summary and Trading Ideas (Invesco Bulletshares 2024 Municipal Bond ETF | :BSMO)

The Invesco BulletShares 2024 Municipal Bond ETF (Fund) is based on the Invesco BulletShares USD Municipal Bond 2024 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the index. The Index seeks to measure the performance of a portfolio of US dollar-denominated, issued by US state, state agencies, or local governments with effective maturities in 2024. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced monthly. The Fund has a designated year of maturity of 2024 and will terminate on or about Dec. 15, 2024.

Invesco Bulletshares 2024 Municipal Bond ETF trades on the stock market under the symbol BSMO.

As of April 16, 2024, BSMO stock price declined to $24.77 with 7,790 million shares trading.

BSMO has a beta of 0.04, meaning it tends to be less sensitive to market movements. BSMO has a correlation of 0.15 to the broad based SPY ETF.

BSMO has a market cap of $200.64 million. This is considered a Small Cap stock.

In the last 3 years, BSMO stock traded as high as $25.93 and as low as $24.34.

BSMO has underperformed the market in the last year with a return of +2.0%, while the SPY ETF gained +23.8%. In the last 3 month period, BSMO fell short of the market, returning +0.2%, while SPY returned +6.0%. However, in the most recent 2 weeks BSMO has outperformed the stock market by returning 0.0%, while SPY returned -3.5%.

BSMO support price is $24.75 and resistance is $24.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BSMO stock will trade within this expected range on the day.