Short Interest in Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Decreases By 82.1%

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 133,465 shares, a drop of 82.1% from the May 14th total of 746,932 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 755,130 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Several institutional investors have recently bought and sold shares of BSCT. PNC Financial Services Group Inc. bought a new position in Invesco BulletShares 2029 Corporate Bond ETF during the fourth quarter valued at about $32,000. AlphaCore Capital LLC bought a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF during the fourth quarter valued at approximately $34,000. Rockefeller Capital Management L.P. increased its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 41.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,313 shares of the company’s stock valued at $44,000 after purchasing an additional 681 shares during the period. Topsail Wealth Management LLC raised its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 60.0% in the first quarter. Topsail Wealth Management LLC now owns 2,400 shares of the company’s stock valued at $45,000 after purchasing an additional 900 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 21.5% in the fourth quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock valued at $59,000 after purchasing an additional 551 shares in the last quarter.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

BSCT stock traded up $0.04 during mid-day trading on Thursday, reaching $18.62. 343,557 shares of the stock traded hands, compared to its average volume of 737,774. Invesco BulletShares 2029 Corporate Bond ETF has a 52-week low of $18.48 and a 52-week high of $18.97. The stock’s fifty day moving average is $18.64 and its 200-day moving average is $18.76.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.0717 per share. This is a boost from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, May 18th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

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.