Invesco BulletShares 2027 Municipal Bond ETF (BSMR) ETF

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About

No description available.

Exchange: XNAS
Inception: 2019-09-25
Has Options: No

Fund profile

holdings as of Oct 19, 2026issuer datathrough May 2026flows, SEC filings

Municipal Bond Target Maturity Muni#5 of 27 by assets Invesco US Index-tracking

Expense ratio: 0.18%
Assets: $367M
Trailing yield: 2.74%
Average daily volume: $2.7M
Holdings: 2,677
Listed: Sep 25, 2019
Closure risk, 12 months: 0.8%
Tracking difference: -0.47 pts

FrenzyCap ETF score

68

how it is built

Cost71

Liquidity48

Scale58

Diversification100

Moves with. Long Treasuries (10% of its variance, beta 0.06). These factors explain 15% of its daily moves over the last year, so most of what drives this fund is something else.

Stated objective. The Invesco BulletShares 2027 Municipal Bond ETF (the Fund) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares Municipal Bond 2027 Index (the Underlying Index). (from the fund's prospectus)

All 2,677 holdings Flow history Overlap tool All Target Maturity Muni ETFs

Fund flows

through May 2026SEC filings

May 2026: +$4.7M
Latest 3 months: +$24M
Latest 12 months: +$85M

View as a table

Net flows of BSMR by month, Jun 2025 to May 2026
Month	Net flow
May 2026	+$4.7M
Apr 2026	+$4.7M
Mar 2026	+$14M
Feb 2026	+$9.5M
Jan 2026	+$7.1M
Dec 2025	+$7.1M
Nov 2025	+$9.5M
Oct 2025	+$12M
Sep 2025	+$4.7M
Aug 2025	+$2.4M
Jul 2025	+$9.4M
Jun 2025	$0

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago

Similar funds

Fund	Overlap	Fee	Assets	1Y
IBMPiShares iBonds Dec 2027 Term Muni Bond ETF	—	0.10%	$689M	−0.5%	compare
IBMQiShares iBonds Dec 2028 Term Muni Bond ETF	—	0.10%	$684M	−1.2%	compare
IBMRiShares iBonds Dec 2029 Term Muni Bond ETF	—	0.10%	$509M	−1.9%	compare
IBMOiShares iBonds Dec 2026 Term Muni Bond ETF	—	0.10%	$508M	+0.1%	compare
IBMSiShares iBonds Dec 2030 Term Muni Bond ETF	—	0.10%	$364M	−2.7%	compare

The largest other funds in the Target Maturity Muni category.

Under the hood

fiscal year to Aug 31, 2025SEC census

Authorized participants: 3 active
Created · redeemed: $101M · $0
Redemptions in kind: 0%
Creation unit: 100,000
Securities lending: not authorized
Return vs index: -0.47 pts

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile

holdings as of 2026-05-31

Holdings

2492

AUM

$331.5M

Provider

Nport

Inception

2019-09-25

Exchange

XNAS

Data As Of

2026-05-31

Expense Ratio

0.18%

Dividend Yield

2.74%

Distribution

Monthly

Recent distributions

Ex-Date	Pay Date	Amount	Type
2026-10-19	2026-10-23	$0.0565	CD
2026-09-21	2026-09-25	$0.0530	CD
2026-08-24	2026-08-28	$0.0545	CD
2026-07-20	2026-07-24	$0.0550	CD
2026-06-22	2026-06-26	$0.0546	CD
2026-05-18	2026-05-22	$0.0550	CD

Asset Allocation

Top Holdings

top 50 of 2492 holdings

Symbol	Name	Weight %	Asset Class	Country
—	Illinois (State of)	0.46%	Debt	US
—	New Jersey (State of)	0.31%	Debt	US
—	New York (City of), NY Municipal Water Finance Authority	0.30%	Debt	US
—	New York (City of), NY Transitional Finance Authority	0.30%	Debt	US
—	Clark (County of), NV	0.30%	Debt	US
—	Hudson Yards Infrastructure Corp.	0.29%	Debt	US
—	Hudson Yards Infrastructure Corp.	0.28%	Debt	US
—	California (State of) Health Facilities Financing Authority (Kaiser Permanente)	0.25%	Debt	US
—	Texas (State of) Water Development Board	0.24%	Debt	US
—	Houston (City of), TX	0.24%	Debt	US
—	New York (City of), NY Municipal Water Finance Authority	0.23%	Debt	US
—	California (State of)	0.23%	Debt	US
—	New York (State of) Dormitory Authority (New School (The))	0.21%	Debt	US
—	Maryland (State of) Health & Higher Educational Facilities Authority (University of Maryland Medical System)	0.21%	Debt	US
—	Illinois (State of)	0.20%	Debt	US
—	Auburn School District No. 408 of King & Pierce Counties	0.20%	Debt	US
—	Pennsylvania (Commonwealth of) Turnpike Commission	0.20%	Debt	US
—	Anaheim (City of), CA Housing & Public Improvements Authority	0.20%	Debt	US
—	Minnesota (State of)	0.19%	Debt	US
—	New York (City of), NY Transitional Finance Authority	0.19%	Debt	US
—	Virginia (Commonwealth of) Public Building Authority	0.18%	Debt	US
—	California (State of)	0.18%	Debt	US
—	California (State of)	0.18%	Debt	US
—	Washington Metropolitan Area Transit Authority	0.18%	Debt	US
—	Triborough Bridge & Tunnel Authority	0.18%	Debt	US
—	North Texas Tollway Authority	0.17%	Debt	US
—	Illinois (State of)	0.17%	Debt	US
—	New York (City of), NY	0.17%	Debt	US
—	University of California	0.17%	Debt	US
—	Washington Metropolitan Area Transit Authority	0.17%	Debt	US
—	California (State of) Health Facilities Financing Authority (Children's Hospital Los Angeles)	0.17%	Debt	US
—	New York (City of), NY Transitional Finance Authority	0.17%	Debt	US
—	New York (City of), NY Municipal Water Finance Authority	0.17%	Debt	US
—	California (State of)	0.17%	Debt	US
—	North Carolina (State of)	0.17%	Debt	US
—	Massachusetts (Commonwealth of)	0.17%	Debt	US
—	Tampa (City of) & Hillsborough (County of), FL Expressway Authority	0.16%	Debt	US
—	Illinois (State of)	0.16%	Debt	US
—	Triborough Bridge & Tunnel Authority	0.16%	Debt	US
—	Central Florida Expressway Authority	0.16%	Debt	US
—	Connecticut (State of)	0.16%	Debt	US
—	North Carolina (State of)	0.16%	Debt	US
—	Triborough Bridge & Tunnel Authority (Green Bonds)	0.16%	Debt	US
—	New York (City of), NY Transitional Finance Authority	0.16%	Debt	US
—	New York (City of), NY Transitional Finance Authority	0.16%	Debt	US
—	Pennsylvania (Commonwealth of)	0.15%	Debt	US
—	Mississippi (State of)	0.15%	Debt	US
—	California (State of)	0.15%	Debt	US
—	San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)	0.15%	Debt	US
—	Virginia (Commonwealth of) Public Building Authority	0.15%	Debt	US

Geographic Breakdown

Non-Equity Breakdown

Invesco BulletShares 2027 Municipal Bond ETF · NPORT-P period 2026-05-31 (filed 2026-07-29)

Net assets: $342M · 2492 total positions · equity 0.00% · non-equity 96.91%

Non-equity holdings — 2492 positions, 96.91% of NAV

Category	Weight	Value	Positions
Municipal	96.91%	$331.5M	2492

Summary

—

composite

—

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart

Seasonality

Month	'21	'22	'23	'24	'25	'26	Avg
Jan	0.35%	-2.71%	1.85%	-0.26%	0.04%	0.13%	-0.10%
Feb	-2.24%	-0.62%	-2.47%	-0.42%	0.55%	0.38%	-0.80%
Mar	0.55%	-3.14%	1.86%	-0.44%	-0.76%	-0.53%	-0.41%
Apr	0.70%	-2.58%	-0.65%	-0.76%	-0.51%	-0.23%	-0.67%
May	0.21%	1.25%	-0.82%	-0.66%	-0.28%	0.01%	-0.05%
Jun	0.31%	-0.85%	0.19%	0.34%	0.64%	0.12%	0.12%
Jul	0.44%	1.73%	-0.08%	0.98%	-0.11%	-0.19%	0.46%
Aug	-0.41%	-2.60%	-0.78%	0.03%	-0.17%	0.02%	-0.65%
Sep	-0.79%	-3.10%	-1.95%	0.06%	0.51%	-1.35%	-1.10%
Oct	-0.23%	-1.03%	-0.53%	-0.46%	-0.13%	0.60%*	-0.30%
Nov	0.64%	3.70%	3.68%	0.66%	0.06%	--	1.75%
Dec	0.00%	-0.30%	1.20%	-0.63%	0.11%	--	0.08%
Total	-0.51%	-10.02%	1.34%	-1.57%	-0.06%	-1.05%	-1.98%

Technical Indicators

? Indicator Guide

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators

SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
+DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.

Momentum Oscillators

RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility

Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
ATR / True Range — average daily $ move; sizing and stop-loss reference.
HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $23.30

SMA 50: $23.46

SMA 200: $23.61

Current: $23.42

EMA 12: $23.35

EMA 26: $23.37

MACD: -0.0158 | Signal: 0.0263

BEARISH

ADX (14): 27.57

TREND

+DI: 35.13

−DI: 14.28

Momentum Oscillators

RSI (14): 55.98

NEUTRAL

Stoch %K: 73.74

Stoch %D: 72.81

Williams %R: -20.00

Volume & Volatility

BB Upper: $23.43

BB Lower: $23.17

NEUTRAL

OBV: -514,516

Vol SMA 20: 130,647

Vol ROC: -44.13%

ATR: $0.09

True Range: $0.05

HV 20: 3.4%

HV 30: 3.0%

HV 60: 2.5%

Data Summary

Data Points: 500

Last Updated: Oct 21, 5:15 PM ET

Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00

AI Analysis

Here is my comprehensive stock analysis report for BSMR:

Executive Summary

Overall assessment: NEUTRAL (confidence level 6/10)

Key drivers: Consolidation within a range, with bearish momentum signals and moderate volatility.

Primary risks: Earnings miss or negative news sentiment could lead to further downside pressure.

2-3 sentence investment thesis: BSMR is trading in a consolidation phase, with mixed technical and fundamental signals. The stock's low volatility and beta suggest it may be less prone to large price movements, but caution is advised due to bearish momentum indicators and the potential for earnings misses or negative news.

Recent news sentiment impact: Recent headlines have been neutral, which is consistent with the stock's consolidation phase.

Technical Analysis

Trend Direction: Short-term: NEUTRAL (range-bound), Medium-term: BEARISH (downward trend), Long-term: NEUTRAL (sideways trend)

Support/Resistance Levels: Lower resistance at $23.61 (SMA 20) and upper support at $23.66 (SMA 200)

Momentum Signals:

RSI interpretation: Neutral (40.87)
MACD signal: Bearish (-0.01 / -0.01 histogram)
Bollinger Bands position: Neutral (width: 0.56)

Volume Analysis: Volume is trading within a range, with no clear directional bias.

News & Sentiment Analysis

Recent Headlines Summary: Two recent headlines were neutral, indicating no significant market-moving news.

Sentiment Assessment: Aggregate sentiment is NEUTRAL.

Catalyst Identification: No upcoming earnings or catalysts to impact the stock's price in the near term.

Market Narrative: The neutral market narrative aligns with the stock's consolidation phase and mixed technical signals.

Risk & Volatility Assessment

Beta Interpretation: Low beta (0.01) suggests less volatility than the broader market.

Volatility Regime: Moderate volatility, as indicated by the historical volatility metrics (HV20 2.0%, HV30 1.9%, HV60 1.8%).

Options Market Signals: No options data available, but IV premium is N/A, suggesting an implied richness that may not be justified.

Downside Protection: Support levels are in place at $23.54 (lower Bollinger Band) and $23.61 (SMA 20), providing some downside protection.

Market Context & Positioning

Sector Performance: The stock's sector has been relatively strong, which supports the current consolidation phase.

Institutional Activity: No significant institutional activity is evident in recent trading data.

Correlation Analysis: The stock has a low correlation with the broader market (0.10), suggesting it may be less affected by market-wide trends.

Relative Valuation: The stock is positioned within a trading range, with no clear value or growth biases emerging.

Key Levels & Action Items

Critical Price Levels: $23.61 (SMA 20) and $23.66 (SMA 200)

Breakout/Breakdown Levels: No clear levels for breakout or breakdown, as the stock is trading within a range.

Time-Sensitive Catalysts: No upcoming earnings or catalysts to impact the stock's price in the near term.

Risk Management: Monitor the stock's price action and adjust position sizing accordingly based on technical and fundamental developments.

Generated Sep 10, 2:05 AM ET

News

All BSMR news →

Filter Publishers:

Seeking AlphaT3·28mo ago

Total Return Gov/Credit Second-Quarter Review

General

Seeking AlphaT3·37mo ago

The Headwinds Of Higher Yields - Third Quarter 2023 Muni And Bond Review

General

Earnings History

Earnings calendar: this week’s reports with expected vs actual moves →

BSMR Options Activity & IV Rank

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Options Chain

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Spread Scanner GPU

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? Score Guide Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)

Group 1 · Directional Bias (±0.25)

RSI <40 bullish / >60 bearish
MACD crossover + histogram trend
Price vs SMA 50 & SMA 200

Group 2 · Momentum (±0.10)

Stochastic %K <20 / >80
Williams %R <−80 / >−20

Group 3 · Volatility (up to −0.25 / +0.15)

Blended ATR + straddle expected-move penalty
Bollinger Band signal (+ counter-trend penalty)
BB width — vol contraction boost for ICs

Group 4 · IV Regime (±0.15)

IV rank ≥ 75 → strong boost for credit spreads
IV rank < 25 → penalty (selling cheap vol)

Group 5 · Liquidity (penalty up to −0.10)

Min open interest across all legs
OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning

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Skew (Wing IV − ATM IV)

DTE:

Wing Δ:

Metric:

? What do these mean

Wing vs ATM

IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.

Risk Reversal

IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.

Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.

14 DTE / 10d —

— pts

ATM — / Wing —

30 DTE / 10d —

— pts

ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Skew Metrics per Expiry ? Guide

Risk Reversal (RR)

IV(10% OTM call) − IV(10% OTM put)

Measures the direction of skew — which side the market is paying up for. Expressed as a vol difference in percentage points.

−3% to −10% → mild to moderate put skew. Normal for most large-cap stocks — puts always carry some premium from portfolio hedging demand.
−10% to −20% → strong put skew. Elevated fear, heavy hedging, or an upcoming catalyst (earnings, macro event). Worth noting.
Below −20% → extreme put skew. Stress signal — market aggressively buying downside protection.
−3% to 0% → nearly symmetric. Rare for equities; means the market sees roughly equal up/down risk.
Positive → calls more expensive than puts. Unusual — signals strong upside momentum, short squeeze risk, or takeover speculation.

Butterfly (BF)

½ × (IV call + IV put) − IV ATM

Measures curvature — how much the wings are bid up relative to ATM. Always expressed as a positive number (wing premium). Think of it as the cost of a tail hedge above and beyond the ATM vol.

0% to 2% → flat smile. Market pricing near-normal return distribution, low tail risk.
2% to 5% → moderate wing premium. Some tail risk priced in — typical in earnings cycles or elevated VIX environments.
Above 5% → high curvature. Fat tails aggressively priced — market expects a large move but is uncertain of direction. Very common right before earnings.

Reading them together

RR	BF	Interpretation
-15%	+5%	Strong put skew + fat tails — fear or upcoming catalyst (earnings, FDA)
-5%	+1%	Normal mild put skew, calm market
-20%	+8%	Extreme fear — heavy hedging, major event risk
~0%	+2%	Balanced market, no strong directional bias
+5%	+3%	Call skew — bullish momentum or short squeeze risk

Expiry	DTE	ATM IV	25d Put IV	25d Call IV	Risk Reversal	Butterfly	Interpretation	Strategy Suggestions (hover for rationale)

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)

IV Rank (30 DTE)

Straddle Price (30 DTE)

Beta Analysis

Risk Metrics

Beta: 0.0166

Alpha: -1.28%

Correlation: 0.1159

R-Squared: 1.3%

Stock Volatility: 1.8%

Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days

Interpretation:
Low volatility - stock moves less than market

Beta & Alpha Over Time

Notable investors who own BSMR

Investor	Value	Share of their portfolio	Rank	Q/Q shares	Source

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

BSMR Institutional Ownership (13F)

Latest filings — 2026-09-30

? 13F Guide

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

Shares — long equity positions in this name, aggregated across share classes.
Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
% of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

151 filers10,433,230 shares$246.45M value

#	Filer	Shares	Value	% of Total	% of Float	Period
1	Morgan Stanley Custodian	583,667	$13.80M	5.60%	—	2026-06-30
2	LPL Financial LLC Custodian	511,446	$12.09M	4.91%	—	2026-06-30
3	Bank of America Corp Custodian	480,377	$11.36M	4.61%	—	2026-06-30
4	Wells Fargo & Company Custodian	435,082	$10.29M	4.17%	—	2026-06-30
5	Invesco Ltd. Custodian	416,301	$9.84M	3.99%	—	2026-06-30
6	Raymond James Financial, Inc. Custodian	392,401	$9.28M	3.76%	—	2026-06-30
7	Key Financial Inc	367,608	$8.69M	3.53%	—	2026-06-30
8	Financial Solutions Advisory Group, Inc.	343,679	$8.13M	3.30%	—	2026-06-30
9	Atlantic Union Bankshares Corp	320,485	$7.58M	3.07%	—	2026-06-30
10	HighTower Advisors, LLC	245,694	$5.81M	2.36%	—	2026-06-30
11	UBS Group AG Custodian	222,064	$5.25M	2.13%	—	2026-06-30
12	NewEdge Advisors, LLC	217,832	$5.15M	2.09%	—	2026-06-30
13	Thrivent Financial for Lutherans	202,894	$4.80M	1.95%	—	2026-06-30
14	Integrated Wealth Concepts LLC	200,752	$4.75M	1.93%	—	2026-06-30
15	PRECEDENT WEALTH PARTNERS, LLC	190,052	$4.49M	1.82%	—	2026-06-30
16	CENTRAL VALLEY ADVISORS, LLC	184,560	$4.36M	1.77%	—	2026-06-30
17	Hills Bank & Trust Co	178,708	$4.22M	1.71%	—	2026-06-30
18	Coastline Complete Wealth LLC	166,160	$3.93M	1.59%	—	2026-03-31
19	OSAIC HOLDINGS, INC. Custodian	163,122	$3.86M	1.56%	—	2026-06-30
20	MONECO ADVISORS, LLC	159,326	$3.77M	1.53%	—	2026-06-30
21	Avior Wealth Management, LLC	160,878	$3.74M	1.52%	—	2026-09-30
22	Summit Financial, LLC	157,385	$3.72M	1.51%	—	2026-06-30
23	Envestnet Asset Management, Inc.	131,780	$3.12M	1.26%	—	2026-06-30
24	Ameriprise Financial, Inc. Custodian	127,095	$3.00M	1.22%	—	2026-06-30
25	Asset Dedication, LLC	124,958	$2.95M	1.20%	—	2026-06-30

#	Filer	Notional Value	% of Total	Period

#	Filer	Notional Value	% of Total	Period

BSMR Insider Trading (Form 4)

Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.

Filed	Reporter	Role	Action	Shares	Avg Price	Net $	Link

Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

BSMR Proposed Insider Sales (Form 144)

Recent SEC Filings

Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).

Filing Date	Accession	Link

Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.

Filing Date	Accession	Link

Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.

Filing Date	Accession	Link

ETF Holders

#	ETF	Provider	Weight	$ Exposure	ETF AUM	As Of

Fundamentals

? Fundamentals Guide

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics

Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.

How to read the bars

Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
YoY growth — compare to the same quarter a year earlier to remove seasonality.
Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Valuation

? Valuation Guide

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples

P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
EV/Sales — like P/S but accounts for debt + cash. Compare within sector.

Profitability & Yields

ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.

Balance Sheet

Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.

Reading the history chart

Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
Multiples expanding while earnings are flat = sentiment-driven rally.
Multiples compressing while earnings grow = value coming from fundamentals.

Metric:

Short Interest & Float

? Short Interest Guide

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions

Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
SI % of Float — short interest / free float. The key crowding metric.
Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
Free Float — shares available for public trading (total shares minus insider / restricted).
Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.

How to read the signals

SI % of Float < 5% — typical, no particular signal.
5–15% — elevated; watch for catalysts (earnings, guidance, macro).
15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
>30% — extreme; borrow is likely expensive and squeeze risk is material.
Days to Cover > 5 combined with high SI% amplifies squeeze potential.

History chart

Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Metric:

Constituent Performance

Select Timeframe:

Click any bar to view the full quote for that stock.

Constituents

Symbol	Name	Weight %	Price	1 Day	1 Week	1 Month

BSMR Invesco BulletShares 2027 Municipal Bond ETF