Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Shares Shorted: Short Interest Down 55.0% in September

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 111,529 shares, a decrease of 55.0% from the August 31st total of 247,988 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 765,453 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco BulletShares 2028 Corporate Bond ETF

Several institutional investors have recently modified their holdings of the company. LPL Financial LLC raised its position in Invesco BulletShares 2028 Corporate Bond ETF by 37.7% during the 4th quarter. LPL Financial LLC now owns 7,283,905 shares of the company’s stock valued at $150,048,000 after purchasing an additional 1,995,326 shares during the last quarter. Lido Advisors LLC boosted its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 6.1% during the 4th quarter. Lido Advisors LLC now owns 5,342,067 shares of the company’s stock valued at $109,901,000 after buying an additional 305,484 shares in the last quarter. Waverly Advisors LLC grew its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 16,298.3% in the second quarter. Waverly Advisors LLC now owns 4,637,273 shares of the company’s stock worth $94,438,000 after purchasing an additional 4,608,994 shares during the period. Bank of America Corp DE boosted its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 20.2% in the 1st quarter. Bank of America Corp DE now owns 4,466,656 shares of the company’s stock worth $91,223,000 after purchasing an additional 752,039 shares in the last quarter. Finally, Fusion Family Wealth LLC grew its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 7.5% in the first quarter. Fusion Family Wealth LLC now owns 2,247,101 shares of the company’s stock worth $45,893,000 after acquiring an additional 155,846 shares during the last quarter.

Invesco BulletShares 2028 Corporate Bond ETF Stock Down 0.0%

Shares of BSCS traded down $0.01 during mid-day trading on Tuesday, reaching $20.11. 188,014 shares of the stock traded hands, compared to its average volume of 694,746. Invesco BulletShares 2028 Corporate Bond ETF has a 1 year low of $20.09 and a 1 year high of $20.67. The firm has a fifty day moving average price of $20.29 and a 200 day moving average price of $20.36.

Invesco BulletShares 2028 Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a dividend of $0.0744 per share. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.0765. This represents a $0.89 annualized dividend and a dividend yield of 4.4%.

About Invesco BulletShares 2028 Corporate Bond ETF

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.