BSMR Stock Summary and Trading Ideas (Invesco Bulletshares 2027 Municipal Bond ETF | :BSMR)

The Invesco BulletShares 2027 Municipal Bond ETF (Fund) is based on the Invesco BulletShares USD Municipal Bond 2027 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 2027. 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 2027 and will terminate on or about Dec. 15, 2027.

Invesco Bulletshares 2027 Municipal Bond ETF trades on the stock market under the symbol BSMR.

As of April 23, 2024, BSMR stock price declined to $23.48 with 7,621 million shares trading.

BSMR has a beta of 0.16, meaning it tends to be less sensitive to market movements. BSMR has a correlation of 0.25 to the broad based SPY ETF.

BSMR has a market cap of $126.79 million. This is considered a Micro Cap stock.

In the last 3 years, BSMR stock traded as high as $26.15 and as low as $22.59.

BSMR has underperformed the market in the last year with a return of +2.1%, while the SPY ETF gained +24.2%. In the last 3 month period, BSMR fell short of the market, returning -0.2%, while SPY returned +4.8%. However, in the most recent 2 weeks BSMR has outperformed the stock market by returning -0.1%, while SPY returned -2.6%.

BSMR support price is $23.45 and resistance is $23.54 (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 BSMR stock will trade within this expected range on the day.