Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Large Increase in Short Interest

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 375,500 shares, a growth of 52.3% from the January 31st total of 246,500 shares. Based on an average daily trading volume, of 790,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in Invesco BulletShares 2029 Corporate Bond ETF in the 4th quarter worth approximately $64,095,000. Lido Advisors LLC boosted its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 382.7% during the fourth quarter. Lido Advisors LLC now owns 3,704,806 shares of the company’s stock worth $67,946,000 after buying an additional 2,937,232 shares in the last quarter. Brookstone Capital Management acquired a new stake in Invesco BulletShares 2029 Corporate Bond ETF during the fourth quarter valued at $24,644,000. Hills Bank & Trust Co grew its position in Invesco BulletShares 2029 Corporate Bond ETF by 143.0% during the fourth quarter. Hills Bank & Trust Co now owns 2,012,301 shares of the company’s stock valued at $36,906,000 after buying an additional 1,184,100 shares during the period. Finally, LPL Financial LLC increased its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 61.9% in the fourth quarter. LPL Financial LLC now owns 2,988,811 shares of the company’s stock valued at $54,815,000 after buying an additional 1,142,817 shares in the last quarter.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

NASDAQ BSCT traded down $0.02 on Tuesday, hitting $18.55. 712,039 shares of the company’s stock traded hands, compared to its average volume of 468,942. The firm’s 50-day moving average price is $18.36 and its two-hundred day moving average price is $18.52. Invesco BulletShares 2029 Corporate Bond ETF has a 1-year low of $17.84 and a 1-year high of $18.96.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were issued a dividend of $0.0671 per share. The ex-dividend date was Monday, February 24th.

About Invesco BulletShares 2029 Corporate Bond ETF

The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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 2029. BSCT was launched on Sep 12, 2019 and is managed by Invesco.