Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) Stock Short Interest Drops 65.7%

Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 116,387 shares, a drop of 65.7% from the September 15th total of 338,935 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 226,922 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Invesco BulletShares 2033 Corporate Bond ETF

A number of institutional investors have recently modified their holdings of BSCX. Allen Capital Group LLC raised its holdings in Invesco BulletShares 2033 Corporate Bond ETF by 12.7% in the first quarter. Allen Capital Group LLC now owns 19,677 shares of the company’s stock valued at $416,000 after buying an additional 2,210 shares during the period. Ledgewood Wealth Advisors LLC lifted its position in Invesco BulletShares 2033 Corporate Bond ETF by 1.3% during the second quarter. Ledgewood Wealth Advisors LLC now owns 195,591 shares of the company’s stock valued at $4,118,000 after buying an additional 2,418 shares in the last quarter. International Assets Investment Management LLC grew its stake in Invesco BulletShares 2033 Corporate Bond ETF by 182.9% during the first quarter. International Assets Investment Management LLC now owns 4,421 shares of the company’s stock worth $94,000 after buying an additional 2,858 shares during the period. Wilkins Miller Wealth Management LLC grew its stake in Invesco BulletShares 2033 Corporate Bond ETF by 7.4% during the first quarter. Wilkins Miller Wealth Management LLC now owns 44,308 shares of the company’s stock worth $937,000 after buying an additional 3,060 shares during the period. Finally, Waverly Advisors LLC grew its stake in Invesco BulletShares 2033 Corporate Bond ETF by 20.9% during the first quarter. Waverly Advisors LLC now owns 18,861 shares of the company’s stock worth $399,000 after buying an additional 3,261 shares during the period.

Invesco BulletShares 2033 Corporate Bond ETF Price Performance

Invesco BulletShares 2033 Corporate Bond ETF stock traded up $0.02 during midday trading on Monday, reaching $20.15. The stock had a trading volume of 99,641 shares, compared to its average volume of 224,943. The stock’s 50-day simple moving average is $20.51 and its 200 day simple moving average is $20.87. Invesco BulletShares 2033 Corporate Bond ETF has a twelve month low of $19.92 and a twelve month high of $21.69.

Invesco BulletShares 2033 Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a $0.0848 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.02 annualized dividend and a dividend yield of 5.1%. This is a decrease from Invesco BulletShares 2033 Corporate Bond ETF’s previous monthly dividend of $0.0911.

Invesco BulletShares 2033 Corporate Bond ETF Company Profile

The Invesco BulletShares 2033 Corporate Bond ETF (BSCX) 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 2033. BSCX was launched on Sep 20, 2023 and is issued by Invesco.