Short Interest in Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Declines By 42.3%

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 310,500 shares, a drop of 42.3% from the October 31st total of 538,100 shares. Based on an average daily volume of 470,300 shares, the short-interest ratio is presently 0.7 days.

Invesco BulletShares 2028 Corporate Bond ETF Stock Up 0.2 %

NASDAQ:BSCS traded up $0.05 during mid-day trading on Friday, reaching $20.31. The stock had a trading volume of 86,511 shares, compared to its average volume of 436,286. Invesco BulletShares 2028 Corporate Bond ETF has a 1-year low of $19.65 and a 1-year high of $20.70. The stock’s 50 day simple moving average is $20.34 and its two-hundred day simple moving average is $20.25.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 18th were paid a $0.0761 dividend. This is an increase from Invesco BulletShares 2028 Corporate Bond ETF’s previous dividend of $0.01. The ex-dividend date was Monday, November 18th.

Hedge Funds Weigh In On Invesco BulletShares 2028 Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of the company. LPL Financial LLC grew its stake in Invesco BulletShares 2028 Corporate Bond ETF by 55.7% in the third quarter. LPL Financial LLC now owns 4,595,249 shares of the company’s stock worth $94,478,000 after purchasing an additional 1,643,265 shares in the last quarter. TruWealth Advisors LLC boosted its stake in Invesco BulletShares 2028 Corporate Bond ETF by 1.2% in the third quarter. TruWealth Advisors LLC now owns 2,746,958 shares of the company’s stock valued at $56,478,000 after acquiring an additional 32,976 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Invesco BulletShares 2028 Corporate Bond ETF by 10.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,428,323 shares of the company’s stock valued at $48,445,000 after acquiring an additional 239,530 shares during the period. Hills Bank & Trust Co boosted its stake in Invesco BulletShares 2028 Corporate Bond ETF by 2.8% in the third quarter. Hills Bank & Trust Co now owns 2,223,070 shares of the company’s stock valued at $45,706,000 after acquiring an additional 61,025 shares during the period. Finally, Raymond James & Associates boosted its stake in Invesco BulletShares 2028 Corporate Bond ETF by 16.7% in the third quarter. Raymond James & Associates now owns 2,022,594 shares of the company’s stock valued at $41,585,000 after acquiring an additional 290,123 shares during the period.

Invesco BulletShares 2028 Corporate Bond ETF Company Profile

The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated corporate investment-grade bonds with effective maturities in 2028. BSCS was launched on Aug 9, 2018 and is managed by Invesco.