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The Invesco BulletShares 2026 Municipal Bond ETF (Fund) is based on the Invesco BulletShares USD Municipal Bond 2026 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 2026. 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 2026 and will terminate on or about Dec. 15, 2026.
Invesco Bulletshares 2026 Municipal Bond ETF trades on the stock market under the symbol BSMQ.
As of March 28, 2024, BSMQ stock price declined to $23.57 with 20,037 million shares trading.
BSMQ has a beta of 0.12, meaning it tends to be less sensitive to market movements. BSMQ has a correlation of 0.25 to the broad based SPY ETF.
BSMQ has a market cap of $176.74 million. This is considered a Micro Cap stock.
In the last 3 years, BSMQ stock traded as high as $26.19 and as low as $22.74.
BSMQ has underperformed the market in the last year with a price return of +1.9% while the SPY ETF gained +33.6%. BSMQ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.1% and -0.3%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
BSMQ support price is $23.54 and resistance is $23.60 (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 BSMQ stock will trade within this expected range on the day.