Invesco BulletShares 2026 Municipal Bond ETF (NASDAQ:BSMQ) Stock Short Interest Declines 67.1%

Invesco BulletShares 2026 Municipal Bond ETF (NASDAQ:BSMQ) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 2,184 shares, a drop of 67.1% from the October 15th total of 6,647 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 44,137 shares, the short-interest ratio is presently 0.0 days.

Invesco BulletShares 2026 Municipal Bond ETF Stock Up 0.0%

Shares of NASDAQ BSMQ traded up $0.01 during midday trading on Friday, hitting $23.51. The stock had a trading volume of 24,658 shares, compared to its average volume of 71,329. Invesco BulletShares 2026 Municipal Bond ETF has a fifty-two week low of $23.33 and a fifty-two week high of $23.75. The company’s 50-day simple moving average is $23.45 and its 200 day simple moving average is $23.55.

Invesco BulletShares 2026 Municipal Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were issued a $0.0531 dividend. This is a negative change from Invesco BulletShares 2026 Municipal Bond ETF’s previous monthly dividend of $0.0531. This represents a $0.64 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, October 19th.

Hedge Funds Weigh In On Invesco BulletShares 2026 Municipal Bond ETF

Several hedge funds have recently added to or reduced their stakes in BSMQ. Private Advisor Group LLC acquired a new position in Invesco BulletShares 2026 Municipal Bond ETF in the third quarter valued at approximately $685,000. Banco Santander S.A. bought a new position in Invesco BulletShares 2026 Municipal Bond ETF in the third quarter valued at approximately $867,000. HighTower Advisors LLC bought a new position in Invesco BulletShares 2026 Municipal Bond ETF in the third quarter valued at approximately $3,264,000. Harbour Investments Inc. bought a new position in Invesco BulletShares 2026 Municipal Bond ETF in the third quarter valued at approximately $478,000. Finally, Addison Advisors LLC grew its holdings in Invesco BulletShares 2026 Municipal Bond ETF by 16.9% during the 3rd quarter. Addison Advisors LLC now owns 6,099 shares of the company’s stock worth $143,000 after acquiring an additional 881 shares during the period.

About Invesco BulletShares 2026 Municipal Bond ETF

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.