BSMV Stock Summary and Trading Ideas (Invesco Bulletshares 2031 Municipal Bond ETF | NASDAQ:BSMV)

The Invesco BulletShares 2031 Municipal Bond ETF (Fund) is based on the Invesco BulletShares USD Municipal Bond 2031 Index (Index). The Fund will invest at least 80% of its total assets in municipal 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 2031. 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 2031 and will terminate on or about Dec. 15, 2031.

Invesco Bulletshares 2031 Municipal Bond ETF trades on the NASDAQ stock market under the symbol BSMV.

As of December 16, 2024, BSMV stock price climbed to $21.21 with 15,992 million shares trading.

BSMV has a beta of 0.08, meaning it tends to be less sensitive to market movements. BSMV has a correlation of 0.05 to the broad based SPY ETF.

BSMV has a market cap of $82.72 million. This is considered a Micro Cap stock.

In the last 3 years, BSMV traded as high as $25.13 and as low as $19.53.

BSMV has underperformed the market in the last year with a price return of +2.0% while the SPY ETF gained +30.5%. BSMV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.2% and -0.1%, respectively, while the SPY returned +8.3% and +0.7%, respectively.

BSMV support price is $21.05 and resistance is $21.16 (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 BSMV shares will trade within this expected range on the day.