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

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 767,868 shares, an increase of 217.0% from the September 15th total of 242,196 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 744,124 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BSCV. Ironwood Wealth Management LLC. increased its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 2.2% in the 1st quarter. Ironwood Wealth Management LLC. now owns 32,410 shares of the company’s stock valued at $533,000 after acquiring an additional 700 shares in the last quarter. Apella Capital LLC lifted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 1.9% during the 2nd quarter. Apella Capital LLC now owns 47,485 shares of the company’s stock valued at $777,000 after acquiring an additional 898 shares during the period. Straight Path Wealth Management lifted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 0.4% during the 2nd quarter. Straight Path Wealth Management now owns 263,721 shares of the company’s stock valued at $4,321,000 after acquiring an additional 1,009 shares during the period. Eastern Bank bought a new position in Invesco BulletShares 2031 Corporate Bond ETF during the third quarter worth $32,000. Finally, Kestra Advisory Services LLC boosted its stake in Invesco BulletShares 2031 Corporate Bond ETF by 1.7% during the first quarter. Kestra Advisory Services LLC now owns 121,226 shares of the company’s stock worth $1,995,000 after acquiring an additional 2,035 shares in the last quarter.

Invesco BulletShares 2031 Corporate Bond ETF Trading Down 0.1%

Shares of NASDAQ:BSCV opened at $15.85 on Wednesday. Invesco BulletShares 2031 Corporate Bond ETF has a 52 week low of $15.73 and a 52 week high of $17.04. The firm’s fifty day moving average is $16.06 and its 200-day moving average is $16.28.

Invesco BulletShares 2031 Corporate Bond ETF Cuts Dividend

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

About Invesco BulletShares 2031 Corporate Bond ETF

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.