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

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 650,629 shares, an increase of 485.1% from the January 15th total of 111,201 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 706,547 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 706,547 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Several large investors have recently modified their holdings of the stock. J.W. Cole Advisors Inc. increased its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 0.7% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 85,144 shares of the company’s stock worth $1,420,000 after acquiring an additional 616 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 4.1% in the third quarter. Capital Investment Advisors LLC now owns 18,228 shares of the company’s stock valued at $304,000 after buying an additional 717 shares during the period. Independence Bank of Kentucky grew its stake in Invesco BulletShares 2031 Corporate Bond ETF by 1.3% during the fourth quarter. Independence Bank of Kentucky now owns 76,281 shares of the company’s stock worth $1,274,000 after buying an additional 973 shares during the period. G2 Capital Management LLC OH lifted its stake in Invesco BulletShares 2031 Corporate Bond ETF by 1.1% during the fourth quarter. G2 Capital Management LLC OH now owns 88,164 shares of the company’s stock worth $1,472,000 after purchasing an additional 1,000 shares during the last quarter. Finally, ETF Store Inc. increased its holdings in shares of Invesco BulletShares 2031 Corporate Bond ETF by 6.5% in the fourth quarter. ETF Store Inc. now owns 18,196 shares of the company’s stock valued at $304,000 after buying an additional 1,114 shares in the last quarter.

Invesco BulletShares 2031 Corporate Bond ETF Stock Up 0.1%

BSCV traded up $0.03 during midday trading on Thursday, hitting $16.76. 208,841 shares of the company were exchanged, compared to its average volume of 562,618. Invesco BulletShares 2031 Corporate Bond ETF has a 1-year low of $15.84 and a 1-year high of $17.06. The firm’s 50 day moving average price is $16.69 and its 200-day moving average price is $16.69.

Invesco BulletShares 2031 Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a dividend of $0.0624 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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.