Invesco BulletShares 2026 Municipal Bond ETF (NASDAQ:BSMQ) Sees Large Growth in Short Interest

Invesco BulletShares 2026 Municipal Bond ETF (NASDAQ:BSMQ) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 24,000 shares, a growth of 50.0% from the May 31st total of 16,000 shares. Based on an average daily volume of 42,000 shares, the short-interest ratio is currently 0.6 days.

Invesco BulletShares 2026 Municipal Bond ETF Stock Performance

Shares of BSMQ opened at $23.50 on Monday. The business has a 50-day moving average of $23.47 and a 200-day moving average of $23.58. Invesco BulletShares 2026 Municipal Bond ETF has a 1 year low of $22.81 and a 1 year high of $23.81.

Invesco BulletShares 2026 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.66 annualized dividend and a yield of 2.81%. This is a boost from Invesco BulletShares 2026 Municipal Bond ETF’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On Invesco BulletShares 2026 Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Confluence Investment Management LLC bought a new position in shares of Invesco BulletShares 2026 Municipal Bond ETF during the 1st quarter worth about $5,540,000. OneAscent Financial Services LLC bought a new position in Invesco BulletShares 2026 Municipal Bond ETF in the 4th quarter valued at about $2,973,000. CreativeOne Wealth LLC acquired a new position in Invesco BulletShares 2026 Municipal Bond ETF during the 1st quarter valued at about $1,885,000. Precedent Wealth Partners LLC purchased a new stake in shares of Invesco BulletShares 2026 Municipal Bond ETF in the fourth quarter worth approximately $823,000. Finally, Cornerstone Wealth Management LLC purchased a new position in shares of Invesco BulletShares 2026 Municipal Bond ETF during the fourth quarter valued at approximately $815,000.

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.