Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sees Large Drop in Short Interest

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 242,196 shares, a drop of 64.3% from the August 31st total of 677,646 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 569,982 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Invesco BulletShares 2031 Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC raised its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 5.5% in the fourth quarter. Aptus Capital Advisors LLC now owns 10,453,481 shares of the company’s stock worth $174,521,000 after acquiring an additional 541,413 shares during the period. Bank of America Corp DE grew its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 17.7% during the 1st quarter. Bank of America Corp DE now owns 2,048,401 shares of the company’s stock valued at $33,717,000 after acquiring an additional 307,897 shares during the period. Royal Bank of Canada increased its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 10.6% in the 1st quarter. Royal Bank of Canada now owns 1,382,583 shares of the company’s stock valued at $22,758,000 after purchasing an additional 132,450 shares in the last quarter. Capital Investment Counsel LLC increased its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 1.9% in the 1st quarter. Capital Investment Counsel LLC now owns 1,310,877 shares of the company’s stock valued at $21,577,000 after purchasing an additional 24,594 shares in the last quarter. Finally, Waverly Advisors LLC raised its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 5,276.1% in the 2nd quarter. Waverly Advisors LLC now owns 1,255,637 shares of the company’s stock worth $20,574,000 after purchasing an additional 1,232,281 shares during the period.

Invesco BulletShares 2031 Corporate Bond ETF Trading Up 0.3%

NASDAQ:BSCV traded up $0.04 during trading hours on Friday, reaching $15.84. The company had a trading volume of 1,716,740 shares, compared to its average volume of 532,270. Invesco BulletShares 2031 Corporate Bond ETF has a 1-year low of $15.78 and a 1-year high of $17.04. The business’s 50 day moving average price is $16.16 and its 200-day moving average price is $16.34.

Invesco BulletShares 2031 Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a $0.0634 dividend. The ex-dividend date was Monday, September 21st. This represents a $0.76 annualized dividend and a dividend yield of 4.8%. This is a decrease from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.0672.

Invesco BulletShares 2031 Corporate Bond ETF Company Profile

The Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade corporate bonds with effective maturities in 2031. The fund will unwind in December 2031 and return capitals and proceeds to investors. BSCV was launched on Sep 15, 2021 and is managed by Invesco.