Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Significant Increase in Short Interest

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 308,607 shares, a growth of 54.2% from the September 15th total of 200,114 shares. Based on an average trading volume of 665,830 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

BSCT stock traded up $0.01 during mid-day trading on Friday, hitting $18.32. 720,926 shares of the company were exchanged, compared to its average volume of 694,969. Invesco BulletShares 2029 Corporate Bond ETF has a twelve month low of $18.16 and a twelve month high of $18.94. The firm has a fifty day simple moving average of $18.38 and a 200 day simple moving average of $18.52.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a $0.0688 dividend. This is a drop from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.0702. The ex-dividend date was Monday, September 21st. This represents a $0.83 dividend on an annualized basis and a dividend yield of 4.5%.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Several large investors have recently modified their holdings of the stock. CRA Financial Services LLC grew its stake in Invesco BulletShares 2029 Corporate Bond ETF by 3.1% in the third quarter. CRA Financial Services LLC now owns 127,124 shares of the company’s stock worth $2,314,000 after purchasing an additional 3,778 shares in the last quarter. AlphaStar Capital Management LLC bought a new stake in Invesco BulletShares 2029 Corporate Bond ETF in the third quarter valued at about $2,945,000. Carroll Advisory Group LLC raised its stake in Invesco BulletShares 2029 Corporate Bond ETF by 17.0% during the third quarter. Carroll Advisory Group LLC now owns 438,229 shares of the company’s stock valued at $7,976,000 after buying an additional 63,772 shares in the last quarter. Hengehold Capital Management LLC acquired a new stake in Invesco BulletShares 2029 Corporate Bond ETF during the third quarter valued at approximately $6,377,000. Finally, Parisi Gray Wealth Management raised its stake in Invesco BulletShares 2029 Corporate Bond ETF by 2.0% during the third quarter. Parisi Gray Wealth Management now owns 230,027 shares of the company’s stock valued at $4,186,000 after buying an additional 4,619 shares in the last quarter.

Invesco BulletShares 2029 Corporate Bond ETF Company Profile

The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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 2029. BSCT was launched on Sep 12, 2019 and is managed by Invesco.