Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sees Significant Drop in Short Interest

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 16,952 shares, a decline of 73.1% from the August 31st total of 62,947 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 126,222 shares, the days-to-cover ratio is presently 0.1 days.

Invesco BulletShares 2034 Corporate Bond ETF Stock Up 0.1%

BSCY opened at $19.66 on Friday. The company has a fifty day moving average price of $20.21 and a two-hundred day moving average price of $20.53. Invesco BulletShares 2034 Corporate Bond ETF has a 52 week low of $19.59 and a 52 week high of $21.27.

Invesco BulletShares 2034 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.0809 dividend. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.0920. This represents a $0.97 dividend on an annualized basis and a yield of 4.9%.

Institutional Investors Weigh In On Invesco BulletShares 2034 Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Butensky & Cohen Financial Security Inc. lifted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 8.8% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 73,979 shares of the company’s stock valued at $1,529,000 after acquiring an additional 5,959 shares in the last quarter. Clark Asset Management LLC increased its stake in shares of Invesco BulletShares 2034 Corporate Bond ETF by 25.3% during the 2nd quarter. Clark Asset Management LLC now owns 404,980 shares of the company’s stock worth $8,369,000 after purchasing an additional 81,885 shares during the last quarter. Avior Wealth Management LLC lifted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 111.7% in the 2nd quarter. Avior Wealth Management LLC now owns 42,246 shares of the company’s stock valued at $873,000 after purchasing an additional 22,295 shares during the last quarter. Asset Dedication LLC grew its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 35.0% during the first quarter. Asset Dedication LLC now owns 146,987 shares of the company’s stock worth $3,042,000 after purchasing an additional 38,091 shares during the period. Finally, Allen Capital Group LLC raised its stake in Invesco BulletShares 2034 Corporate Bond ETF by 11.2% in the first quarter. Allen Capital Group LLC now owns 16,793 shares of the company’s stock valued at $348,000 after buying an additional 1,691 shares during the period.

Invesco BulletShares 2034 Corporate Bond ETF Company Profile

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.